Tuesday, February 26, 2013

Smith REYNOLDS tower on list of possible closings

2/26/131

impasse=code=to use to rob/steal African Americans of wealth

im·passe;[im-pas, im-pas] Show IPA;noun;1.a position or situation from which there is no escape; deadlock. ;2. a road or way that has no outlet; cul-de-sac. ;

http://dictionary.reference.com/browse/impasse?s=t



1.Entire paper is coded to send message=especially the  CHAIR CITY MYSTERY[top right corner]=
threat that those who step out of their SECRET position/possible same position as George Arnold Kemp;

2. Looming cuts hit home-ONLY African American communities will suffer=economic punishment for African americans not being slaves/working for males of the larger society;
 
"Budget impasse in Washington has effects in Winston-Salem"

3. Dozens protest NEW tax values-in article-some state they think it is a conspiracy;

http://winstonsalemjournal.nc.newsmemory.com/index.php

5. Smith REYNOLDS tower on list of possible closings

http://winstonsalemjournal.nc.newsmemory.com/index.php

Godwillst

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Dozens protest new tax values

50% declines seen in some homes on city’s east side



BY WESLEY YOUNG


Winston-Salem Journal


Dolores Watson’s house on Cameron Avenue used to be valued at $83,500 on the tax books.

This year’sreappraisal,though, sets her tax value at only $21,600, a drop of more than $60,000.

“I am underwater,” Watson said Monday night, as she stood outside the meeting room of the Forsyth County Board of Commissioners. “I owe more on my house than it is actually worth now.”

County commissioners heard protests Monday night about the effect of revaluation, particularly in some predominantly black neighborhoods in eastern Winston- Salem.

Property values went down 10 percent overall in Forsyth County between 2009, the year of the last tax appraisal, and this year, when new values were assessed.

Substantial chunks of property in eastern Winston-Salem, though, have gone down in value by more than 35 percent and some even more than 50 percent.


VALUES, Page A3

Article Continued Below


See VALUES on Page A03


Values

From Page A1

'To do what you have done to our community is criminal,' former East Ward Council Member Joycelyn Johnson told county commissioners on Monday. 'All the properties that have been affected are clumped into certain neighborhoods.' City Council Member Derwin Montgomery, who represents the East Ward, said that he's heard constituents talk about losing 50 to 60 percent of their home values in the current revaluation, the first since the Great Recession wreaked havoc on the nation's housing markets.

'By taking that percentage of value from their homes, many people have lost a big percentage of their equity,' Montgomery said.

Johnson organized a meeting of about 30 people with John Burgiss, the county tax assessor and collector. The meeting took place before the commissioners' meeting Monday night.

Burgiss also talked to people outside the commissioners' meeting room after the close of Monday's board meeting, explain ing that his office had to go by sales data when figuring the value of properties around the county.

'That is the same thing that we have done for years and years,' Burgiss said.

Richard Linville, the chairman of the Forsyth County Board of Commissioners, appealed to people to have patience as they go about questioning their tax values.

Linville said people should send in appeals forms if they want to contest their values.

'The revaluation process will have to work through the tax office,' Linville said, 'They will show you how the values are arrived at.' Walter Marshall and Everette Witherspoon, the two county commissioners who represent District A, which includes eastern Winston-Salem and adjoining areas, said they have been getting lots of complaints about the lower tax values from their constituents.

'There are some folks who believe there is some type of conspiracy,' Marshall said.

'There is no conspiracy involved, but there has to be something done. There is no earthly reason that these properties should be devalued as much as they are.' Tax officials say that only 7 percent of the 157,000 properties in Forsyth County increased in value from 2009 to 2013.

Counties are required to periodically reappraise property values so that people are taxed fairly. Property values, as reflected by the real estate market, change at different rates from place to place. Without revaluation, tax officials say, some people would end up paying more than their fair share of tax, while others would pay less.

People whose houses are at much lower tax values should see a drop in their property tax bills, but homeowners were saying the lower values would cripple their chances to sell at a decent price if they chose to sell.

'Something is wrong in the process,' Johnson said. 'I'm saying that the formula is wrong.'

(336) 727-7369

 


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