Campbell County is experiencing a spike in the number of companies requesting property tax assessment values be lowered and local government tax revenues including fire districts and schools will feel the pinch.
One of those companies owns Village Green Shopping Center in Alexandria.
According to an article published in The Kentucky Enquirer (click on the link to view) the owners have requested a decrease in their evaluation for tax purposes of 2.6 million dollars.
The city has already passed their new budget and is now holding off on setting the tax rates for their citizen property owners until all of the ramifications are clear although they are approving street projects as though all is well.
Hold on to your wallets.
By the way, since Alexandria property owners also pay county taxes, hasn’t Sara Lee been on the receiving end of a sweetheart deal for quit some time?
