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Real estate tax assessments to rise

03/01/2005 7:25 AM by

Real estate tax assessment notices are due to arrive in city mailboxes tomorrow and Thursday. Two unnamed City Council members who have been briefed by Richmond tax assessor Richie McKeithen say assessments could rise between 20 percent and 40 percent for some homes in the city’s 3rd, 4th, 6th, 7th and 8th council districts. Some of the assessments are expected to jump so high that City Council members are already talking about a tax rate cut to cushion the blow.
[ from the RTD ]


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