Although the Local Real Estate Market in Colonial Heights Declined [Derived Headline]

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COLONIAL HEIGHTS -- Although the local real estate market in Colonial Heights declined from the housing frenzy of the last five years, some citizens have voiced concerns over the increased assessments despite the recent reduction in the real estate tax rate.

In March, City Council approved a reduced real estate tax rate of $1.10 for every $100 of a home's assessed value. That number is down 10 cents since 2006, and was reduced 5 cents from the beginning of 2008.

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Although the Local Real Estate Market in Colonial Heights Declined [Derived Headline]

City Manager Rick Anzolut said that the city's assessments are conducted once every two years and turn out similarly to other localities, including Chesterfield County, which conducts asse...

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