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HOPEWELL – Despite pleas from some citizens that it would force them to choose between hunger and homelessness, City Council voted Tuesday night to raise the city’s real estate tax by four ...
Hopewell has approved a total $197 million budget for the next fiscal year that includes hikes in real-estate and lodging taxes, and a new cigarette tax
For the first time in five years, property taxes will be based on an updated assessment to be mailed out in the first two weeks of September. Additionally, the millage rate will be lowered by 4% ...
In the absence of urban planning policies, property tax on real estate changes the incentives for developing land, which in turn affects land use patterns. One of the main concerns is whether or not it encourages urban sprawl. The market value of undeveloped real estate reflects a property's current use as well as its development potential. As ...
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [1]
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
At number 11, Hopewell is in the middle of that list – still a risk factor but not as high as Emporia (#1) and Petersburg (#3). Both of those cities are part of the Crater District with Hopewell.
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