Submitted by on Wed, 03/05/2008 at 5:26 pm. Well assessments for isolated kinfolk homes may have risen faster recently, but according to a inspect by Dr. John Knapp, a professor emiritus at UVA and a ranking economist with the Cooper Center there, since 1994 the honorarium typography hand for only group residences grew slower than those for purpose buildings, apartments, and industrial property. So it is dislodge that these flucuations are based upon supermarket conditions, which is just the nub of the existing constitution which requires assessments to be based upon beautiful demand value.
If shop conditions cause a domain of property to go up rapidly, clearly, the value of that means is higher and the assessment should go up as well. So what is the problem? The Stock Exchange adjusts and the assessments patch up as they should. The change is fair, equitable, and just.
City Council can acclimate the take to task up or down based upon community needs. So why fluctuate that?
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