Tyro
Tyro, VA · Real Estate
The Mount Airy News
Prior tax break does not afford Cross Creek reprieve from current, larger tax bill
No one likes to be surprised by a property tax bill that is significantly higher than expected, but that is exactly what happened to Cross Creek Country Club in Mount Airy following reappraisal. The Surry County Board of Commissioners this week upheld the tax assessor’s 2025 reappraisal values for a pair of parcels of land associated with the golf course during a quasi-judicial hearing, rejecting appeals from the property owner. The board voted unanimously to uphold assessed values of $961,380 for the clubhouse parcel and $2,760,390 for the golf course parcel. The appeal centered on an annual tax increase of approximately $12,367 — from $6,726 to $19,092 — after golf greens that had not been taxed since 2016 were added back at $125,000 per hole. The 2025 assessments represent significant increases from the 2024 values of $716,740 and $501,740. Tax officials noted the 2024 values were actually set during the 2021 reappraisal and had remained frozen for four years, as required by state law. Deputy County Attorney Howard Jones explained that taxpayers must prove the appraisal method was arbitrary or illegal and that it resulted in a substantial difference in value. He pointed to guidance from the North Carolina Department
WDBJ 7
Explore the Pros and Cons of a 50-Year Mortgage
WDBJ 7
Virginia Housing Market Shows Signs of Stabilizing as Inventory Rises
WFXR
Local economist, real estate agent weigh in on 50-year mortgage proposal
ROANOKE, Va. (WFXR) – For nearly a century, people taking out a mortgage loan could choose between a 15-year option or a 30-year option, but the Trump administration wants to introduce a 50-year mortgage plan. In the short term, it appears to be a great idea because people are expected to pay hundreds of dollars […]
WDBJ 7
SE Roanoke Home Heads for Restoration to Help Ease Homelessness
WSLS
Restoration Housing launches affordable housing project in historic Belmont neighborhood
ROANOKE, Va. – Construction began Wednesday morning on a home in the historic Belmont neighborhood that will be restored to provide affordable housing for people experiencing homelessness. The event, called “Restoration Kick-Off,” marks Restoration Housing’s 10th project overall and its fifth in this neighborhood. According to the organization, the...
949starcountry.com
New affordable housing coming to Roanoke Area
Lawson, a real estate development firm out of Norfolk, is building a second affordable housing development in Roanoke. As WFIR’s Denise Allen Membreno reports this next development will be in the Hollins area of Roanoke County. A real estate firm specializing in the development, construction, and management of affordable...
WDBJ7.com
Railwalk Apartments bring new life and growth to downtown Pulaski
PULASKI, Va. (WDBJ) - A new housing development is helping shape the future of downtown Pulaski. Town leaders, business owners, and community members gathered Wednesday for a ribbon-cutting ceremony at the Railwalk Apartments, a project developed by Garland Properties and hosted by the Pulaski County Chamber of Commerce. The event featured remarks from local officials, a ceremonial ribbon cutting, and tours of select units.
WDBJ7.com
Affordable housing coming to Blacksburg
ROANOKE, Va. (WDBJ) - “This is a big step forward. It brings and attracts investment to our region to make homes and the construction of them more affordable,” Jake Powell said. Thursday was the official groundbreaking of the Stroubles Ridge housing development. It will bring a total of...