Newspaper Column: The Assessment Cap Forecasts a Dismal Future
Date
2004-03
Authors
Nicoson, William J.
Journal Title
Journal ISSN
Volume Title
Publisher
Reston Times
Abstract
In 1984, Reston Association reviewed and revised its governing documents, inserting into its Deed of Dedication provisions for an overall cap on property assessments pegged to the Consumer Price Index (CPI). Placing a cap on assessments was a reasonable means of protecting property values: new home buyers would be assured that a future runaway RA board could not impose a burden on property which was unrealistically high.
Description
PDF file distilled from original WordPerfect document. Original size 11" x 8.5".
Keywords
Reston (Va.), Reston (VA) Association (RA), Consumer Price Index (CPI), Assessment, Leonhard, Ray