Dr. Eric R. Workman, County Administrator
The County of Bland
Phone: (276) 688-4622
Fax: (276) 688-9758
FOR IMMEDIATE RELEASE:
Bland County prepares for decrease in Real Estate values due to reassessment
May 30, 2014
(The County of Bland, Virginia) – Every six years, Bland County undergoes reassessment of real estate as per state code. The results of the 2013 reassessment show a sharp decrease in assessed real estate value that will have a direct impact on the amount of revenue available for county, school, and state mandated operations.
The assessed value of real estate prior to reassessment was $663,300,300. The new assessed value is $586,128,900. The value of real estate in land use also decreased from $189,052,100 to $151,182,300. In 2013 with a $0.55 per $100 real estate levy, revenue was $2,585,208. In order to obtain the same amount of revenue in 2014, the levy has to be adjusted to $0.60 per $100.