TODAY'S NEWS

Page’s general reassessment projected to generate slight revenue hike

Page News and Courier

LURAY ― The county is projected to increase its real estate tax revenue by $28,000 in the coming fiscal year, following the completion of a year-long general reassessment.

Page County Commissioner of the Revenue Becky Smith announced the projected hike during last month's supervisors' meeting, noting that a 9- to 10-percent decrease in revenue was initially forecasted.

The local reassessment process began in January 2015 with fieldwork by Roanoke-based Wingate Appraisal Service. Page County's last reassessment was in 2011.

The initial deadline for completing the general reassessment in Page was Dec. 31, 2015. Supervisors, however, approved a 30-day extension. Wingate officials requested the additional time in order to review their findings, after some riverfront property owners reported receiving values three to five times higher than those they were given four years earlier.

The extension postponed the reassessment's completion until Jan. 31.

New assessment values retroactively took effect on Jan. 1.

The county-wide reassessment included 21,436 properties. In fiscal 2015, the county collected about $12.8 million in general property taxes, according to Page County Treasurer Penny Gray.

County-wide listings of reassessment values may be found online at Vamanet.com.



More news

Subscribe to our mailing list
 
Advertisement
Advertisement.
Twitter  FaceBook  RSS