Find Real Estate Agents and Homes for Sale


Real Estate News --> West Virginia News

Assessor Browning voices concerns, seeks safeguards


As Delegate Boggs stated, what happens if West Virginia is facing a budget deficit, as in years passed? Where is the money going to come from? I am concerned the legislature will raise real estate values to make up any deficit in the budget. It doesn’t ...


Archived Story

Assessor Browning voices concerns, seeks safeguards /*********************************************** * DHTML Window Widget - (c) Dynamic Drive (www.dynamicdrive.com) * This notice must stay intact for legal use. * Visit http://www.dynamicdrive.com/ for full source code ***********************************************/ window._tpm = window._tpm || []; window._tpm['paywallID'] = '22750521'; window._tpm['trackPageview'] = true; AdGroup1(); AdGroup2(); AdGroup3(); AdGroup4(); checkStickyAdCookie(); AdGroup16(); GetLogo(); AdGroup14(); GetContactInformation(); MenusHorizontal(); GetDate(null, '); MenusVertical(); MenusDefault(); GetPoll1(); AdGroup13(); GetUnauthorisedAccessText(); start(); GetSubMenuHeader1(); Assessor Browning voices concerns, seeks safeguards By SEÁN O'DONOGHUE Managing Editor HAMLIN - As efforts continued in Charleston, last week, to deal with the state's business inventory tax, Lincoln County Assessor Guy Browning has restated his concerns and underscored the need for additional safeguardsThe assessor has reached out to Lincoln County's legislators in recent weeks, and kept local courthouse, municipal, and school board leaders abreast of the latest developments and the potential impacts on the county purse. Commenting to The Lincoln Journal, last week, Browning voiced his support for all measures that would increase industry in Lincoln County and West Virginia"Hopefully, if passed SJR-9 (the Just Cut Taxes and Win Constitutional Amendment) will accomplish thatBut, I have a few concerns with this legislation," said the assessor.  "As per this legislation, if passed, the State of West Virginia guaranties in perpetuity that the levying bodies will be reimbursed a guarantee of 140 million state wideAs Delegate Boggs stated, what happens if West Virginia is facing a budget deficit, as in years passed? Where is the money going to come from? I am concerned the legislature will raise real estate values to make up any deficit in the budgetIt doesn’t take a constitutional amendment to raise the percentage of taxes you are paying on real property," the assessor notedHowever, the current proposal before lawmakers would be put to a statewide vote once it clears both legislative chambers and is signed by the governorThere is some expectation that the proposal could appear on next November's ballot.  "Also, education is funded based on real and personal property taxesSJR-9 guarantees a reimbursement, but that reimbursement is for the value of that certain year, I believe tax year 2020So, that amount will be the levying bodies' amount for perpetuitySo, in the years after the set reimbursement year, for a county with an increase in industrial personal property values their tax amount stays the sameThe levying bodies do not get an increase in taxes even if there is an increase in these values," the assessor cautioned"I think this could be good legislation, but I would like to see additional safeguards added," Browning concluded .pagedropcap {float:none;} GetSubMenuFooter1(); AdGroup12(); GetHighlights1(); AdGroup11(); LoadDoc("/get_sc.asp", "hcdiv", "");

Trending West Virginia News:


  • Donald Trump's reform agenda ignores his 'forgotten' Americans base
  • 43 MLS groups unite; Valley not one of them
  • Shepherdstown, WV Homes For Sale & Real Estate
  • West Virginia getting $28 million for housing programs
  • The Most Overvalued Housing Markets Aren't the Ones You'd Expect
  • WV black lung clinics getting $1.3 million
  • West Virginia attorney general to announce Senate challenge to Manchin
  • Ona, WV Homes For Sale & Real Estate
  • Charles Severance extradition hearing canceled
  • Huntington, WV Elks Lodge puts building up for sale
  • Relic of burned W.Va. Capitol Annex back in public eye
  • House suspends Constitutional rules, passes cracker bill
  • Additional counties in West Virginia eligible for SBA disaster assistance
  • Joe Manchin: The Outlier
  • Nation's Housing: Court penalizes Quicken in appraisal case
  • Making the Opioid Epidemic Visible
  • W.Va. 'Cracker' plant chase enters waiting phase
  • The Most Stunningly Beautiful Train Rides in America
  • Eastern Panhandle should pilot consolidation
  • Early 2018 start eyed for SoBro Hyatt House