Floyd County is reducing its real estate tax from 60 cents to 47 cents per hundred dollars in valuation. The reduction is an attempt to offset increases in property tax assessments, although some property owners have seen a higher tax bill for the first half of 2010.

County Administrator Dan Campbell told supervisors at last week’s budget work session that the drop hould equalize the taxes for this year for most -- but not all -- Floyd County property owners.“This is based on averaging out the tax assessments,” he said. “Some bills will be above the average; others will be below.”

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