Apr
06

Charleston County to Consider Delaying Reassessment

By
– Charleston Regional Business Journal

Charleston County could delay its scheduled five-year reassessment of real property values from 2010 until 2011, in part because it does not have enough money or staff trained for the work.

Council members will consider the delay at a meeting at 7 p.m. Tuesday. The council’s Finance Committee endorsed the measure last week.

Reassessment of real estate values is set on a five-year cycle. The process is meant to recalibrate property values based on fluctuating market conditions and to redistribute the tax burden based on up-to-date values.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://charlestonbusiness.com/news/27104-charleston-county-to-consider-delaying-reassessment
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