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Virginia, one of the original 13 colonies, is steeped in American history. From the battlefields of the Revolution to the modern tech corridors of Northern Virginia, the state is a unique blend of past and future. Virginia’s property tax rate is 0.82%, ranking 30th in the U.S. While some areas have high home prices, overall affordability and economic strength make it a popular place to live.
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Home values have risen substantially over the last decade. As a result, property taxes have become unaffordable for many home and business owners.
Property taxes are a crucial source of revenue for most local government entities. Shifting trends in market conditions, legislation, and the economy can have a big impact on both residential and commercial property owners.
Commercial property owners often face additional complexities and scrutiny when dealing with property tax issues. Our network of experts can help to navigate these issues and mitigate the impact of rising property taxes for commercial owners.