Research Report
Speculators’ Tax in Alleghany? County commissioners seek tax grab based on guesses
posted October 13, 2010 by Dr. Terry Stoops, Joseph Coletti, Dr. Michael Sanera
Alleghany County commissioners are asking county voters to approve a $160,000 tax increase at a time of high unemployment. That amount would be equal to a property tax increase of 0.9 cents per hundred dollars of value. County operating budget appropriations for fiscal year 2011 are $570,274 higher than in fiscal year 2009 – an amount 3.5 times as much as what the tax would generate.