DISQUS

R. Richard Schweitzer · 1 year ago

A few years back, as an owner of some of that vaunted N.VA. Real Estate (still am, but it is on the market) I proposed that collection of a portion of the tax arising from increasing assessments, be deferred until sale or disposition of the property when the TRUE value would be known and realized. Every property would have a tax reserve acct in the county records. If the tax reserve on assessed value exceeded the realized value at sale the added tax would be eliminated or reduced. If greater, they now get it in the "Congestion Tax."

R. Richard Schweitzer · 1 year ago

P.S. That would be great discipline fot the county commisioners in slending and setting budgets. Those assessments would not result in toatlaly spendable revenues.