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Valuation re-do not an option

Some Pulaski County residents are calling for the county to throw out the new real estate tax assessments and have a new reassessment done by a different company.
Pulaski County officials say there’s not enough time to have a new reassessment completed and meet the six-year deadline it is facing.
So, what would happen if the county failed to meet the deadline to have property reassessed at least every six years?
According to Pulaski County Board of Equalization Chairman Andy McCready, the county would lose its share of ABC store profits until the reassessment was completed.
Section 58.1-3259 states that Virginia’s Comptroller “shall withhold from such (delinquent) county or city the payment of its share of the net profits of the operation of the alcoholic beverage control system … until such time as (the reassessment requirements) have been complied with.”
Once the reassessment was completed, the Comptroller would release the withheld funds, minus a penalty of eight percent annually.
So, how much does Pulaski County actually receive from the Virginia Department of Alcoholic Beverage Control on an annual basis?
According to Pulaski County Treasurer Melinda Worrell, the county’s share of ABC profits and wine taxes for the past year totaled just over $28,000. ABC profits consisted of $13,698 of that figure.
Even if the county were to throw out the reassessment figures, they point out that there is no guarantee of getting lower figures.
Board of Supervisors Chairman Joe Sheffey pointed out Monday that numerous communities in Virginia are battling over the new real estate figures and those communities used different companies to do their reassessments.
The latest reassessment cost Pulaski County over $400,000. However, County Administrator Peter Huber said the full bill has not been paid. He said the BOE is evaluating the company’s job to determine the quality of Wingate’s work.

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Valuation re-do not an option

Some Pulaski County residents are calling for the county to throw out the new real estate tax assessments and have a new reassessment done by a different company.
Pulaski County officials say there’s not enough time to have a new reassessment completed and meet the six-year deadline it is facing.
So, what would happen if the county failed to meet the deadline to have property reassessed at least every six years?
According to Pulaski County Board of Equalization Chairman Andy McCready, the county would lose its share of ABC store profits until the reassessment was completed.
Section 58.1-3259 states that Virginia’s Comptroller “shall withhold from such (delinquent) county or city the payment of its share of the net profits of the operation of the alcoholic beverage control system … until such time as (the reassessment requirements) have been complied with.”
Once the reassessment was completed, the Comptroller would release the withheld funds, minus a penalty of eight percent annually.
So, how much does Pulaski County actually receive from the Virginia Department of Alcoholic Beverage Control on an annual basis?
According to Pulaski County Treasurer Melinda Worrell, the county’s share of ABC profits and wine taxes for the past year totaled just over $28,000. ABC profits consisted of $13,698 of that figure.
Even if the county were to throw out the reassessment figures, they point out that there is no guarantee of getting lower figures.
Board of Supervisors Chairman Joe Sheffey pointed out Monday that numerous communities in Virginia are battling over the new real estate figures and those communities used different companies to do their reassessments.
The latest reassessment cost Pulaski County over $400,000. However, County Administrator Peter Huber said the full bill has not been paid. He said the BOE is evaluating the company’s job to determine the quality of Wingate’s work.

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