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Radford council defends personal-property tax increase after treasurer objected
Summary
Radford City Council released a joint statement explaining a recent personal-property tax rate increase and said staff consulted the commissioner of revenue and the city attorney after the city treasurer raised legal and technical objections.
Radford City Council on May 1 explained why it raised the city's personal-property tax rate and said the move followed legal review after the city treasurer objected.
"As part of the budget process, members of city council determined it was necessary to increase the personal property tax rate from $2.44 to $2.55 per $100 of assessed value," Mayor Horton said, reading a statement the council said represented all members.
The council said the treasurer had objected to the increase at earlier meetings, first raising concerns that the change would create additional workload and later…
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