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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]
NORFOLK — The City Council voted Tuesday to add a new property to its portfolio, a nearly 4-acre parcel currently owned by the National Oceanic and Atmospheric Administration. City documents ...
Norfolk (locally / ˈ n ɔːr f ʊ k / ⓘ NOR-fuuk) is an independent city in Virginia, United States.As of the 2020 census, Norfolk had a population of 238,005, making it the third-most populous city in Virginia after neighboring Virginia Beach and Chesapeake, and the 96th-most populous city in the nation. [4]
While a real estate agent is allowed to represent the interests of their client, a valuer is required to offer an unbiased and independent assessment of value. The legal framework governing these roles is distinct as well. Lawyers, Conveyancers, and Real Estate Agents operate under legislation separate from that which regulates valuers.
The number of cruise ship passengers who visited Norfolk increased from 50,000 in 2003, to 107,000 in 2004 and 2005. Also in April 2007, the city completed construction on a $36 million state-of-the-art cruise ship terminal alongside the pier. [9]
They indicated that property assessments for the 2022 and 2023 property tax years will continue to be based on the fully phased-on January 1, 2016, current values. In August 2023, the Ontario government announced that it was postponing a provincewide property reassessment as it conducts a new review of the accuracy and fairness of the system.
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