Bedford City property values rising

Assessed property values in the city of Bedford are increasing by about 4.75% over 2006 values, according to Wingate Appraisal Services. Reassessed land values, which become effective July 1, were mailed to city property owners in late April.

The new property values would inject more tax revenue into the city’s proposed 2010-11 budget if current tax rates stay the same. The current real estate tax rate is 86 cents per $100 of assessed value.

Posted on Tuesday, May 11, 2010 - 12:51pm