Hampton issues $670,314 tax refund after properties deemed wetlands
There are 1 comment on the Hampton Roads Daily Press story from Oct 15, 2013, titled Hampton issues $670,314 tax refund after properties deemed wetlands. In it, Hampton Roads Daily Press reports that:
The city will refund more than $600,000 in property taxes to a company that owns one of the largest wooded tracts remaining in the city.
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Since: Jul 10
#1 Oct 16, 2013
FYI: If you have RPA on your land it can not be taxed at full value!! That's the law in Virginia. The reason being is that if the land cannot be utilized to it's fullest capacity, i.e. development, it can not be taxed at full market value.
Thank you Chesapeake Preservation Act.
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