Posts tagged 22963

Fluvanna County’s Fiscal Pickle

Arguably, local governments have an equal and in many cases more significant impact on homeowners’ lives and property values – schools, fire and rescue, transportation infrastructure, snow removal … what happens if the tax rate rise so dramatically, and the budget becomes unmanageable? … Currently the real estate tax rate in Fluvanna County is $0.54 per $100 of assessed value ; the County is proposing a four cent increase in the tax rate in 2012 … and calling for a $1.22 per $100 rate in 2016 .

…With the pending reassessment, the audit calls for a fiscal year 2016 real estate tax rate of $1.22 per $100 to meet all expenditures and capital improvements.

…The tax options were part of a larger FY 2012 budget proposal that currently calls for a four-cent increase in the real estate tax rate, to $.58 per $100 of assessed value.

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Not Much Building in Fluvanna County

Courtesy of the Free Enterprise Forum blog : Fluvanna officials recently released the annual Development Activity Report, which covers 2009. It highlights, in this case, the lack of development activity in Fluvanna over the past year. For example, residential building permits declined another 5 percent last year to 112, continuing the downward trend that began in 2001. … One final, and telling, statistic from the report: the average new home price in 2009 was just $160,118, twenty-eight percent below the average price in 2007. adf

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Deal of the Day – 6 Kiowa Lane

6 Kiowa Lane, Lake Monticello . ( bolding mine – asking price is $132,000 – purchased for $203k in April 2007 ) Bank foreclosure- assessed for 217,600 -an excellent buy! call for addenda-Bank of America Prequalification required on all offers. Free appraisal and credit report if buyer finances through Bank of America Home Loans. Great Lake Monticello community-lake and golf community-home is located outside of the main gates.

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