A do-over for real estate values

Frank Barnako is reporting:

Published reports quote government officials saying villa owners - and everybody else with a stake in real estate in the territory - can expect some new numbers within a week or so. They may mean lower tax bills. Or not. It's said that Bearing Point, which conducted a review of all properties on the three islands, has been dealing with hundreds of complaints and appeals, a reported 660 on St. John alone. Bearing Point has reviewed some of its work, and some of the properties, and is going to issue re-revaluations within a week or two.

More about real estate values and residents reactions here from the VI Daily News.