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Assessment
After a year of hearing from property owners dissatisfied with values set on their land and improvements in the county's 100 percent fair market value reassessment, the Rappahannock Board of Equalization will close its books on December 31.
Complaints prompted a joint meeting in May between Equalization Board members. representatives from the Board of Supervisors and Fred Forberg, director of the property tax division of the State Department of Taxation. Forberg found the re-assessment figures reasonable, noting that the ratio of assessments to actual fair market value as measured by sales was running about 78 or 79 percent.
The re-assessment raised the county wide total for taxable property from $11,582,821 ro $241,140,400.
72.0%