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HILLSVILLE — Reduction in real estate values after reassessment and the resulting decrease in tax revenues will create challenges for Carroll County officials for fiscal year 2013-2014, they discussed at a budget committee meeting Tuesday.
The recent reassessment reflected a drop in Carroll real estate values of nearly $277.7 million, County Administrator Gary Larrowe noted in the preliminary budget talks on Feb. 5. That could cause tax revenue to decrease as much as $1.65 million.
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