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Written by Administrator
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Wednesday, 19 August 2009 00:00 |
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In an e-mail on Aug. 12 to a citizen‘s question regarding The Seven Projects, Virginia Beach Mayor Sessoms commented on two particular issues of paramount importance to all citizens: Our real estate tax and the potential new, additional tax revenue that would be necessary to fund 7 new projects.
Regarding real estate taxes: The Mayor stated in his e-mail, “The good news is that the average homeowner in Virginia Beach is paying $157 less in real estate taxes this year than last year.”
While some citizens paid less in real estate taxes this year, others paid about same and still others paid a little bit more in real estate taxes.
The reduction in real estate taxes paid had to do with the reduction in real estate assessments and had nothing to do with the real estate tax rate.
In fact, the Virginia Beach City Council retained the same real estate tax rate as in the previous year. So the only reason for the reduction in real estate taxes was the decrease in the value of assessments.
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