Council considering 100% real estate tax exemption - Church Hill People's News | Richmond, Virginia

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Council considering 100% real estate tax exemption

07/01/2009 9:54 PM by

City Council is considering offering a hefty tax break on the real estate taxes for new constructing in certain areas with a high number of empty lots, “including North Church Hill, Carver, and Highland Park”. With around 1500 vacant lots in the city, the possible 100% exemption on real estate tax for 5 years could be expected to lead to 200 new homes per year. [via]



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