Rollback Taxes

If you are thinking about buying a property and subdividing it, you may be liable for rollback taxes. If the property has been in land use providing for a reduction in the normal real estate taxes, you may be responsible for paying the difference between the normal real estate tax and the land use tax for the previous five years.

Don't let this be a surprise! Check it out before making an offer on a property. Sometimes the rollback taxes can be negotiated during the time of making an offer to purchase.

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Gayle Harvey Real Estate, Inc.
154 Hansen Rd.
Suite 102B
Charlottesville, Virginia 22911
434-220-0256
1.888.8Va.Land
E-mail us
Licensed to sell real estate in Virginia

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