County Forecasts Assessment Drop

The gravy train is coming to a halt. Jeremy Borden writes in today’s Daily Progress that Albemarle County expects property tax reassessments to be flat next year, or perhaps even down. Assessments climbed sharply in 2003, 2005, and 2007, but that’s over now. Since inflation naturally increases the cost of goods and services purchased by the county, this leaves the county needing to cut expenses, a task it hasn’t faced in quite some time. And with the approval of two enormous new subdivisions, our costs are only going to be climbing. All of this just in time for the new Democratic majority to be left holding the bag.

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