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for half of the project cost coming from the state, the lower figure works out to “almost a penny” off the advertising rate, Cox said.
Another Penny Off
“If we can get the reassessment put off for two years, we can save some money there," added Supervisor H. B. Wood, referring to the $25,000 expenditure included in the 1983-84 budget to begin the reassessment that the state requires to be completed by 1985. Wood asked whether the supervisors should act now to request an extension of that deadline.
“You have until December 31 to ask for the extension," Cox replied. He added that he’d checked on an issue raised by the board of supervisors—whether values for use value taxation may be changed in any year other than a reassessment year— and had been assured by representatives of King William County that values for the different categories of land in the program could be changed at any time, not just the year that a new assessment takes effect.
“Has any county actually changed values in a year other than a reassessment year?” asked Supervisor Charles Estes.
“I don’t know,” Cox replied. “I’m checking around and I haven’t had any definite answers yet.”
“The Attorney General has ruled that you can only change the values during an
80.5%