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By DAPHNE HUTCHINSON
Rappahannock New* Staff Writer
After periods ranging from two to eight years in a land use taxation program, tax rates in neighboring counties have not approached anywhere near the $2 or $3 per $100 predicted by opponents to adoption of use value taxation here.
But neither do county officials in many of the localities with land use think that the preferential tax treatment has slowed the conversion of agricultural, forestal, horticultural and open space land to more intensive uses.
Land use taxation is under consideration by the Rappahannock supervisors as a means of equalizing the shift in tax burden from houses to land that is expected to come with implementation next year of the county’s new 100 per cent fair market value assessment. Under the recent appraisals, house values doubled while worth of land increased by five times.
With land use taxation as proposed by the Rappahannock planning cominission, qualifying agricultural, horticultural, forestal and open space property will be taxed at its use value rather than its fair market value. The difference
90.4%