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Council adopts ordinance classifying former BI parcels as blighted, imposes 5% higher tax rate
Summary
By unanimous vote, the Bristol council adopted Ordinance 24-17 on Jan. 13 to classify multiple former BI parcels as blighted and raise their real estate tax rate by 5% under the Virginia Code cited in the staff report.
Bristol City Council adopted Ordinance 24-17 on Jan. 13 classifying a series of former BI parcels as blighted and increasing their real estate tax rate by 5%, citing authority in the Virginia Code as noted in the staff presentation.
City staff presented a second reading of the ordinance identifying multiple tax-map parcels and recommending the 5% rate increase after the city assessor determined…
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