Property Tax Relief Discussion

By: Shane Symolon Email
By: Shane Symolon Email

The Virginia Senate has given the nod to a property tax relief bill that would give localities the option of giving homeowners a 20 percent break on their real-estate taxes.

However, the question remains on whether or not localities will be able to use the tax break. Augusta County will soon have its reassessments, which could raise the value on homes.

Augusta County Supervisor Nancy Sorrells says the tax break could ease the blow to some taxpayers.

"It is a tool we could possibly use. If the reassessments turned out to be exorbitant, we could use it to give some relief to our taxpayers," says Sorrells.

However, the relief could dramatically lower the revenue the county takes in. Sorrells says it’s nice to have the option but it may never be able to be used realistically.

"You don't want to have something that hurts your revenue. You want to try to make it revenue neutral. So how do you do that," asks Sorrells.

Some business groups like the Virginia Manufacturers Association say they're concerned they'll have to pick up the slack.

County Board of Supervisors Chair David Beyeler says if the plan is ever passed, the board won't go with a plan that is unfair to businesses.

"This is only on residential. It would effect business, because business pays the bills too, and its not proposed for business," says Beyeler.


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