A Cap on Increasing Virginia
Beach real estate assessments
I want to cap real estate assessments
at a certain percentage every year.
Just because your home is worth more,
doesn't mean City Hall should get
more.
No longer will you receive from the
city a real estate assessment that
has jumped more than 20% in one year.
I will end double digit assessment
growth. When the cost of homes goes
up 20% a year, you're squeezing your
citizens out of the community.
City Hall rolled back the real estate
tax in 2005, but will they do it every
year?
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