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Jeff Phillips on Revaluations: "County budget sleight of hand"

"...Fox and the BoCs initially proposed a budget that would require a 9.5 cent tax increase....Not long after the revaluation,a revised budget was revealed that would only require a 4 cent property tax increase....the revelation that you could have easily missedif you had been looking “over there.”... ...The late-breaking news is announced that the commissioners will now proudly present a slight “reduction” in the tax rate. ...And the crowd goes wild!Or so it would seem.What’s wrong with this picture?...the increase in property values resulted in a tax increase to many Guilford County residents without...

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Published By: Hartzman's Inquisition - Sunday, 2 September, 2012