Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
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If one capitalizes a $10,000 annual rent as reflecting 10 percent return on investment, the site has a value of $100,000; if a 5 percent return seems more reasonable, the site value is $200,000. At the current combined real estate/fire tax rate of $0.89 per $100, a $200,000 site will generate $1780 in landowner taxes to the County each year.
Taxes on Sprint’s structures and technology should at least double that, meaning revenues of around $25,000 annually from the seven sites. Where will it be spent? What will be done with the one-time “land-use” rollbacks generated by the land use change? If some landowners do in fact pass their cellular lease revenues on to the County, how will they be treated taxwise?
Some of Rappahannock’s recent public dialog has degenerated into talk about “beenheres” and “come-heres.” The cellular discussion should all be about “are-heres,” and it is for us “are-heres” that the County government should assure adequate cellular service, modem emergency communications, and equitable distribution of taxes.
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