February 23rd, 2012 10:33 AM by Jennifer McGuire
A recent article came out in the local newspaper stating the property owners in Augusta County may be in for a re-assessment.
The County is proposing using the new tax base to help make up the deficiency in the school budgets.
Will this mean a higher assessment? Will this mean a lower assessment, but a higher tax rate?
Currently, the assessments are close to what we are seeing the properties sell for. However, some buyers are able to purchase a little less than current assessment.
How will this effect the buyers, when it comes time to a realistic purchase price?
Has me wondering..................