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Agenda Abingdon: Town council will discuss lowering the real property tax rate

Summary by Cardinal News
The Abingdon Town Council will discuss lowering the town’s real property tax rate during its Thursday meeting because the value of property went up by nearly 50% during the recent reassessment.Town Manager Mike Cochran will recommend that the current rate of 28 cents per $100 of assessed value be lowered to 23 cents, he said Monday. Lowering the rate is necessary to help offset the increased assessment.Even with the decrease, some property owner…
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Agenda Abingdon: Town council will discuss lowering the real property tax rate

The Abingdon Town Council will discuss lowering the town’s real property tax rate during its Thursday meeting because the value of property went up by nearly 50% during the recent reassessment.Town Manager Mike Cochran will recommend that the current rate of 28 cents per $100 of assessed value be lowered to 23 cents, he said Monday. Lowering the rate is necessary to help offset the increased assessment.Even with the decrease, some property owner…

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Cardinal News broke the news in on Wednesday, March 19, 2025.
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Abingdon, Virginia

Abingdon, Virginia

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