Wise County Real Estate Reassessment - Tax Me!
SWAC Girl and Yankee Phillip have kept me up to date on the fight over the tax rate in SWAC land. I'm Not Emeril has a good post up that offers a lot of info on where to lay the blame. Here in sweet home Wise County the BOS will open up the mic tonight.
When county supervisors meet this Thursday, they will open up the podium and microphone to anyone with an opinion on the county’s tax rate.
Due to this year’s real estate reassessment, if supervisors maintain the current tax rate of 57 cents per $100 of assessed value, the county will realize more than a 1 percent increase in real estate tax revenue. To keep real estate tax revenue the same as last year, the board of supervisors would have to vote to cut the tax rate back to 50 cents.
After this Thursday’s public hearing, supervisors are expected to pick a tax rate and vote on it by the end of the month. They are expected to officially vote on the tax rate March 31, at a meeting specifically set for that purpose. - From The Coalfield Progress. (It's Our Great Paper and you cant read it free!)
The board has a GOP majority so I look forward to the outcome. To be honest, I think our tax rate is reasonable compared to other locations.