A Botetourt County retirement community will have to pay up.

A judge ruled today that The Glebe and its owner, Virginia Baptist Homes, are not exempt from county real estate taxes. In his ruling, Judge Michael Irvine wrote that The Glebe’s operations were neither benevolent nor exclusively religious. Therefore, the property could not be tax-exempt.

Botetourt County says The Glebe’s tax bill could be more than $200,000.

information from : www.wdbj7.com

This entry was posted on Sunday, June 10th, 2007 at 5:25 am and is filed under Real Estate. Tags: Community Property Real Estate real estate taxes Virginia . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.