|
|
Article: York County, Va., Property Values Rise an Average of 10 Percent.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 20, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Christopher Schnaars, Daily Press, Newport News, Va. Knight Ridder/Tribune Business News
Feb. 20--YORK, Va. -- York County property owners face an average 9 percent to 10 percent increase in their property values when they receive reassessment notices around the first week of March.
Even though York County isn't raising the tax rate, that increase in property values effectively could mean a 9 percent to 10 percent increase in real-estate taxes.
So far, county supervisors do not plan to reduce the tax rate, which has been 86 cents per $100 of assessed value for 10 years. The county needs the tax revenue for schools and county services, ...