Monday, June 23, 2008

New Pr. William Arrivals Bitter - washingtonpost.com

New Prince William County, MD, Arrivals Bitter - washingtonpost.com: "The Board of County Supervisors is scrambling to cope with the costs of Prince William being one of Virginia's fastest-growing counties in a time of slumping home values. The problems are magnified by the foreclosures, which are partly to blame for the average value of homes decreasing by $61,328.

To make up the lost revenue, supervisors raised the county's real estate tax rate by 19 cents to 97 cents per $100 of assessed valuation. That will push the average homeowner's tax bill up by 5 percent in the coming budget year."

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And people who just arrived are feeling somewhat honked off. Thanks to Shu Bartholomew for the pointer.

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