The Transylvania Times -

By Eric Crews
Staff Writer 

County Could Lose 5 Percent Of Tax Base


Last updated 10/30/2013 at 2:13pm

County Tax Administrator David Reid provided commissioners with an update on the re-evaluation process, noting while it’s still three years away from completion, indications are that there could be a decrease in the county’s tax base, which would require a tax increase to maintain a revenue-neutral position.

“If the (real estate) market were to turn around, that would be a great thing for us and it would help our tax base,” he told commissioners Monday during their regular meeting. “But at this point in time, if I had to project what would occur, I would say that we are likely go...

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