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and household items and to drop the levy on merchants capital as well if state enabling legislation permits. Lost revenue will be made up primarily through an increased tax on licensed vehicles, with the hike to bt held to no more than 30 per cent of the total raised by this year’s automotive tax, and the remainder coming from higher real estate taxes. Reportedly, the increase on licensed vehicles will average approximately $15 to $20 per automobile.
On another major tax issue, the supervisors agreed in late March to begin mandated reassessment of property at 100 per cent fair market value this year instead of waiting for Virginia’s 1981 deadline. The step was taken to meet the state tax office’s time limit of March 31 for scheduling assignment of state appraisers, estimated to cost one-third of a private
92.3%