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Spotsylvania votes on advertised personal property tax rate

MORE: Read more Spotsylvania County news

The Spotsylvania County Board of Supervisors on Tuesday voted 6–0 to advertise a personal property tax rate of $6.80 per $100 of assessed value, a 43-cent increase.

Supervisor Greg Cebula was absent.

If approved, the rate will add about $2.75 million to the proposed spending plan for the fiscal year that begins July 1.

The additional revenue could help close a budget gap of up to $3.4 million. That shortfall includes a request from the School Board for $1.9 million more in local taxpayer money.

Because of a decline in car values, many residents would see a drop in their personal property tax bills despite the higher rate.

In February, supervisors voted to advertise a real estate tax rate of 87 cents per $100 of assessed value, which is a penny less than the current rate.

A public hearing on the budget and tax rates will be held April 3 at 6:30 p.m. in Courtland High School’s auditorium.

—Jeff Branscome

Permalink: http://news.fredericksburg.com/newsdesk/2014/03/19/spotsylvania-votes-on-advertised-personal-property-tax-rate/

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