Bruce Nunnally Posted May 18, 2010 Report Share Posted May 18, 2010 Fredericksburg resident Lou Silvey was surprised when she opened her personal property tax bill last week. For the first time she can remember, the value of her vehicle--a 2004 Cadillac SRX, a sport utility vehicle--increased over last year. Her tax bill went up nearly 55 percent. Some Virginia residents, especially SUV owners, find themselves in the unusual position of owning a vehicle that appreciated in value. The situation is rooted in the economic climate of two years ago. High gas prices and the recession lowered the national demand for vehicles in 2008, causing a precipitous drop in car values. SUVs were particularly hard-hit. Read More: http://fredericksburg.com/News/FLS/2010/052010/05182010/547657 Car tax is going up on SUVsPersonal property tax increases catch some local residents by surprise Quote Bruce 2016 Cadillac ATS-V gray/black Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
atikovi Posted May 21, 2010 Report Share Posted May 21, 2010 And real estate taxes went up 35%. Quote Link to comment Share on other sites More sharing options...
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