Spotsylvania votes on advertised personal property tax rate
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.