Monday, June 18, 2007

The Glebe faces glut of back taxes

The nonprofit retirement community in Daleville, which recently lost its tax-exempt status, must pay more than $250,000.
The Roanoke Times
By Jay Conley and Jeff Sturgeon

An upscale Botetourt County retirement community that lost its tax-exempt status earlier this month owes more than $250,000 in back taxes and penalties and will owe more than $200,000 for the tax year 2007 by the end of the year. ...

... But in a June 6 ruling, Circuit Court Judge Michael Irvine sided with Botetourt County, which sued The Glebe, a nonprofit retirement community in Daleville that opened in 2005 and charges six-figure entrance fees to some residents. ...

... "If they don't appeal, I assume they will pay," Botetourt County Administrator Jerry Burgess said. "I think they're a good corporate entity. We just disagree about the taxes."...

...Botetourt County sued The Glebe and VBH in 2006, contending that the facility's six-figure entrance fees and upscale accommodations separated it from the average faith-based retirement homes....

...The Glebe and VBH must pay just over $215,000 in back real estate taxes for the portion of 2005 that it operated and all of 2006, as well as a 10 percent late fee and 10 percent interest on the unpaid taxes. Those penalties amount to about $35,000, said Botetourt County treasurer Benton Bolton.

In October, when the county sends out its real estate tax bills, The Glebe will owe about $204,000 in taxes assessed on the facility's land and buildings, according to Botetourt County Commissioner of the Revenue Jay Etzler....

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