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By Gerald Ochs
Rappahannock News Writer
The Local Composite Index (LCI) Study, performed by Public and Environmental Finance Associates of Washington, D.C., revealed that “high real estate values and an above average concentration of higher income residents” are the two factors that contribute to Rappahannock County’s high LCI. The study was conducted for Headwaters, with financial support from the County, to determine the cause of Rappahannock’s high LCI and to develop possible remedies to ease the resulting burden on County taxpayers.
The study’s final report, “Analysis of the Impact of the Commonwealth’s Local Composite Index on Rappahannock County, Virginia,” showed that those factors, combined with sales tax receipts and weighted by student and overall County populations, creates the tenth highest LCI in the Commonwealth—and punishes County taxpayers by providing them with the
93.3%