Tag: budget
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Rate vs. Reality: The Real Math of Property Taxes
Explaining how property tax works is difficult at best. Today, in two separate publications from Tennessee and Virginia, I saw articles detailing rate changes. One was in Radford, Virginia, the other in Kingsport/Sullivan County, Tennessee. The articles state that Radford will increase it’s tax rate by almost 20% to $0.92, while Sullivan County’s preliminary certified…