Posts tagged Proffers

Proffers, impact fees, market update, pricing land and more

There are few better motivators than fear of sounding unprepared and unintelligent – due to the last-minute call from Coy, I am now very up to date on all of the below issues.- If you’re pricing a property, price it to sell….  Solds may matter little, and what the seller paid for the property is irrelevant with regards to market value (as is the assessed value).- We discussed the current state of the Charlottesville market.- Declining markets and “Jingle Mail” – here is an excellent article on this from a professional appraiser’s point of view.- Property rights and Ron Paul (briefly)- Several callers called in and discussed the rural area ordinances that are up for a vote this evening in Albemarle County.  This is a passionate debate between property rights advocates, “greater good” opinions, preservationists and more.We didn’t get around to discussing Senate Bill 768 – which would either destroy or fix the current proffer system, depending on you perspective , but I encourage any and all to learn more about it….  They’re talking about taxes, but the word “tax” isn’t used until the last page – page 12 if you happen to print it out.As soon as the podcast is posted, I’ll post it.

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Proffers, timing, smart growth and questions

Take the time to read it if you’re interested in growth issues in Virginia.Tuesday brought a significant shift in the political makeup in Albemarle County.  It will, however, take a long time for some of those impacts to be felt for many reasons, not least the fact that there are currently several thousand homes in the pipeline to be built (anywhere from 8,000 to 13,000, depending on which numbers one uses).  These have already been approved and are not subject to the new cash proffer policy on new homes….  (If I didn’t know what I was looking for, I might never have been able to find this document)As has been noted elsewhere, the Board of Supervisors is now faced with a possible 4-2 split on many issues that will define the future, near and long-term, of Albemarle County.Will we spend more money on transit?What will happen to our property taxes?How will our symbiotic relationship with the City of Charlottesville be affected?If property rights are affected, what will happen to real estate values?These are questions that will be be answered only over time.

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