MENU
component-ddb-728x90-v1-01-desktop

Failed brewery deal behind Buncombe tax rate increase

Buncombe County's efforts to land a major brewery are behind an increase in the property tax rate. Commissioners had questions Tuesday night about the proposed tax rate for next year. County manager Wanda Green said the rate is tied to property on Ferry Road. (Photo credit: WLOS staff)

Buncombe County's efforts to land a major brewery are behind an increase in the property tax rate.

Commissioners had questions Tuesday night about the proposed tax rate for next year. County manager Wanda Green said the rate is tied to property on Ferry Road.

RELATED | Deschutes saga reveals political divide

Commissioners bought the land for almost $7 million, hoping to attract Deschutes Brewery. But the company chose Roanoke, Virginia, instead. So, Green said the budget will have to use property taxes to cover the money that sale would have brought in.

"We're in the very beginning of the budget process. There are so many questions that need to be answered. We haven't even looked at revenue," commissioner Ellen Frost said.

RELATED | Why didn't Deschutes pick Asheville?

Green proposed a rate of 55.9 cents for every $100 dollars. That's lower than this year's rate, but some property owners might not be paying less, because many people saw higher property values in the recent revaluation.

RELATED | Deschutes passes on Asheville, what happens now with $7 M land buy?

"Some people are going to pay some, some are going to break even and some are actually going to come out a little bit better," commissioner Mike Fryar said.

Trending