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City holds public hearing after state code requires notice of higher real-estate revenue; residents urge rate cut
Summary
A public hearing required by state code drew residents who said reassessments, not a rate change, have driven sharply higher tax bills and asked the council to reduce the tax rate to offset rising assessments.
Roanoke Mayor Cobb opened a public hearing on a required notice that the city’s real estate tax revenue has increased, and a city staff member explained why the matter must be advertised despite no proposed change to the tax rate.
City Attorney/Staff member Spencer told the council and audience that under Virginia Code “58.1 dash 33 21,” anytime the locality’s revenues rise by 1% or more the locality must…
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