Tax rates proposed for next year
Tuesday night will be the public hearing on County Administrator Charles M. Culley Jr.’s proposed budget for the next fiscal year.
Initially, Culley proposed a budget with a 12 cent real estate tax rate increase. That would raise it from 72 cents per $100 of assessed valuation to 84 cents per $100 of valuation.
But in a budget work session last week, the Board of Supervisors found ways to possibly shave one penny off the increase.
Here are the tax rates advertised for the public hearing:
Real estate 72 cents/$100 of assessed valuation
Personal Property $3.80/$100 of assessed valuation
Minerals 84 cents/$100 of assessed valuation
Personal Service Corporations:
Real estate: 84 cents/$100 of assessed valuation
Personal Property: $3.80/$100 of assessed valuation
Machinery and tools: $3.50/$100 of assessed valuation
Motor carrier: $3.50/$100 of assessed valuation
The meeting begins at 6 p.m. Tuesday and public hearings begin at 7:30 p.m. The meeting will take place at the Community Services Center, 17202 Richmond Turnpike.
The Board of Supervisors will have a joint work session with the School Board at 5 p.m.