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Every property owner pays real-estate tax<*s on the full value of his or her house and the one acn* surrounding it, hi* said. Any agricultural land surrounding the house lot does not bring costs to the county government, he added
Wakefield District Supervisor Roger Welch said land-use taxation has become a hot-button issue as property values htive risen. A higher demand for rural land since Sept. 11, 2001, has caused a larger disparity between assessed values and land-use values of agricultural land.
Commissioner of Revenue Beverly Atkins said at the misting that property in the land-use system is taxed at the value of what that land is capable of producing. The value for land in agricultural production is between $300 and $520 per acre, she said, depending on soil type. On the real market, an acre of land in Rappahannock could easily fetch more than 10 times that value.
Roughly 20.8 percent of the assessed value of Rappahannock real estate is not taxid as part of the land use program. The deferred land value
See TAX. Page A3
46.5%