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| By John Peters Editor |
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More than 250 people turned out Saturday to hear Lake Gaston area tax officials explain how property tax reassessments are done, how often they are done, and what recourse local residents have if they disagree with a re-evaluation of their property.
Officials from Folks in Halifax and Warren counties seemed to make up the majority of the crowd. Doris Hawkins, Halifax County Geographic Information Systems coordinator, explained her county does a re-evaluation every eight years. “Much of what we do in “If you’ve dealt with real estate sales, you know the mantra location, location, location. That is certainly true in She explained that while the county has roughly 38,000 parcels of land, the 1,600 associated with Avery Davis, chief tax appraiser in “ Both Davis and Hawkins cautioned those in attendance not to assume their tax bills would go up by the same percentage as their property value assessments. While both said it would be up to their respective county boards of commissioners to determine the tax rates, Chars Graham, tax assessor for William Bracey, Commissioner of the Revenue for He told the crowd his county re-assess property every two years. While state code requires at least every six years, his board of supervisors opted for more frequent re-assessment “because there’s less sticker shock.” Even with the more frequent assessments, he said property values in the Though Warren County Tax Assessor Eddie Mitchum said his county also does reassessment every eight years and while residents there won’t have to worry about it until 2009, he indicated they can expect some sticker shock. He said a firm doing reassessments around Smith Mountain Lake in Virginia is finding land values there are doubling since the last assessments – “And they did it four years ago,” he said. He also indicated “I can say we are under-assessing After the county tax officials made their presentations, they entertained questions submitted in writing by those in attendance. Answers to those questions revealed: • Previous tax assessments have no bearing on present or new assessments. • Assessments include a number of factors, including the value of the land, the cost of building or improving structures, and sales of similar land or structures in the general neighborhood or vicinity. • None of the tax officials agreed with one question that indicated property values along • If residents want reassessments applied differently, such as phasing in over time rather than one big hit, they need to address that with state legislators, since state code determines how reassessments are applied. • If a lake front home does not have a dock, or cannot get a dock permit, the assessed value of that property would probably be lower than similar land and structures that do have docks. • While some property in the counties might see a drop in assessed value, there is no relation between assessed value of lake front property verses other property in the county. In other words, lake area owners are not having their property values hiked in order to allow non-lake land owners to enjoy lower land re-evaluations. |
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| Jan 10, 2007 | ||
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