Last night, a public forum was held at Lafayette Winona Middle School on the subject of lowering the real estate taxes. Sponsored by the Norfolk Tea Party II, the forum invited all eight members of council to participate and all but the mayor, who was out of town, appeared. The Virginian-Pilot has an article here … Continue reading Norfolk citizens speak: lower the rate
Category: Real estate taxes
Real estate tax relief reports out of House P&E
SJ354, patroned by Norfolk Senator Nick Rerras (R-6th), unanimously reported out of the House Privileges and Elections Committee today. Bill summary: Authorizes the General Assembly to enact legislation that will allow localities to exempt or from real property taxes or defer real property taxes up to twenty percent of residential or continuous-habitation farm property that … Continue reading Real estate tax relief reports out of House P&E
Governor proposes homestead exemption, other items
Here's a piece of legislation that I sincerely hope to see passed. The governor, Tim Kaine, has proposed a homestead exemption, which will allow a certain amount to be exempted from real estate taxes. The text of the announcement: The Governor’s homeowner tax relief plan calls for a state constitutional amendment to allow local governments … Continue reading Governor proposes homestead exemption, other items
16,000 and 19,298: All politics is local
I spend a lot of time dealing with numbers. So it is only natural that the above two numbers jumped out at me. The first, 16,000, is the number of signatures presented to council yesterday by the Norfolk Tea Party II in their effort to convince council that the real estate tax rate should be … Continue reading 16,000 and 19,298: All politics is local
Report: Norfolk Tea Party II Rally
I was still a bit on the fence this morning about whether to attend the Norfolk Tea Party II rally until I saw this morning's paper and the article about it. (Note: while taxes in Norfolk are high, the article contains a significant inaccuracy. One person claimed that his taxes were $1,000 per month on … Continue reading Report: Norfolk Tea Party II Rally
Norfolk Tea Party II Rally
Via email, I received the following: NORFOLK TEA PARTY II - Rally to Cut the Tax Rate - Saturday, September 23rd, 2006 9 AM "The Banque" 1849 E.Little Creek Road Give the windfall back to the taxpayers! Together we CAN make a difference. Norfolk Tea Party II Committee to Cut Tax Rate Like others in … Continue reading Norfolk Tea Party II Rally
Norfolk Real Estate Tax Deferral: Extended deadline?
Seems that, although 84% of Norfolk taxpayers qualify, only a handful - 53 as of yesterday - have applied for the new real estate tax deferral program that Norfolk implemented. As the result, it appears that the 8/1 deadline for filing will be extended, likely through the end of the month. Councilman Barclay Winn pushed … Continue reading Norfolk Real Estate Tax Deferral: Extended deadline?
More on Norfolk real estate tax deferral
The more I think about and research this program, the less attractive it sounds. To recap: the program allows the deferral of taxes on any amount over the first 10% of assessment growth. Other requirements: Must have lived in home for at least 5 years. Combined household income cannot exceed $100,000. Taxes deferred will carry … Continue reading More on Norfolk real estate tax deferral
Real estate tax rates
Virginia Beach drops their rate 3.39 cents, to $.99 per $100 of assessed value, Chesapeake is looking at 12 cents, to $1.11, Portsmouth is planning on 8 cents, to $1.36. and Suffolk's proposed budget reflects a 7 cent reduction, to $1.01. They are meeting today on this. And Norfolk has basically decided on 7 cents, … Continue reading Real estate tax rates
Proposed: Norfolk Real estate tax relief
The Compass today has a full page, color ad on the back containing a description of the real estate tax relief included in the proposed budget. Remember that the hearing on real estate taxes will be held Monday, May 8 at 6pm at Lafayette Winona Middle School. Here is what is included in the proposed … Continue reading Proposed: Norfolk Real estate tax relief
VIVIAN J. PAIGE | All Politics is Local 