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property tax

Southampton County residents protest proposed tax hikes

More than 400 residents attended an open hearing to protest tax hikes included in the Southampton County budget. A petition to cut spending rather than raise taxes, signed by 1,200 residents, was presented to officials.

The County Board of Supervisors plans increase the real estate tax rate by five cents, to 77 cents, and the personal property tax rate for vehicles by one dollar, to $5.50. The tax increases would generate more than $1.37 million of the county’s $53 million budget.

Read more in the Tidewater News....

Posted on Thursday, May 20, 2010 - 8:54pm

Budgets are balancing

In Staunton, residents will pay higher personal property taxes, more fees for water and sewer services, and see the Montgomery Hall Park swimming pool closed for the season. In Spotsylvania County, business owners may pay 42% more in property taxes next year. Henry County officials scrambled to find money to pay a deputy. In Charlottesville and Albermarle County, bad weather cost money by leading to reduced sales tax revenues.

Everywhere in Virginia, discussions are underway -- how will we balance our budgets?

Read more in the local news....

Posted on Friday, April 9, 2010 - 8:10am

Virginia Beach property tax increase unlikely

A majority of Virginia Beach council members oppose a real-estate tax increase, effectively scuttling City Manager Jim Spore's proposal to increase the rate by three cents. Council members suggested cutting services, and possibly jobs, instead.

Read more in The Virginian-Pilot....

Posted on Tuesday, April 6, 2010 - 11:14am

School budget decisions made across the state

Bruno GirinCounties across the state are finalizing decisions about their school budgets. Read about local outcomes below:

 

Posted on Tuesday, March 23, 2010 - 3:12pm

Orange County supervisors propose 6-cent property tax increase

taberandrewOrange County supervisors have decided to advertise a 6-cent increase, although they may ultimately pass a lower rate. Supervisors don't yet know how much funding the county will get from the state, and they can pass a rate less than advertised, but not higher without running a new advertisement.

County Administrator Julie Jordan's proposed budget gives the school system the same local contribution as last year, but state funding cuts have led the schools to eliminate 81.5 jobs. The county may need to provide more money for the schools.

 

Posted on Tuesday, March 23, 2010 - 10:01am

No property tax increase for Front Royal

The Front Royal Town Council voted unanimously Monday night to leave the current real estate  tax rates -- 7 cents per $100 assessed value -- in place. Residents encouraged the Council to tap into the town's "rainy day fund" of about $6 million to balance the budget.

 

Read more in the Northern Virginia Daily....

Posted on Tuesday, March 23, 2010 - 9:42am

Albemarle County will not raise property taxes

The Albemarle Board of Supervisors has voted for a tax rate of 74.2 cents per $100 of assessed value, the same as it is now. At that rate, the average homeowner will pay about $90 less in real-estate taxes this year than last year.

Not everyone is happy about the tax reduction -- some fear it could lead to painful cuts to school programs.

The Board of Supervisors will have a public hearing on the proposed budget and tax rate at 6 p.m. March 31 in Lane Auditorium of the County Office Building. Supervisors are allowed to set a tax rate lower than the advertised rate but cannot raise it without readvertising the adjusted rate.

Posted on Thursday, March 18, 2010 - 8:37am

Pittsylvania County property owners to pay lower real estate taxes

Pittsylvania County property owners will pay less in taxes for the 2010-11 fiscal year. The Board of Supervisors unanimously voted to lower the rate from 56 cents per $100 of assessed value to 52 cents per $100 of assessed value.

The board is required to set a rate that generates no more than a 1% increase in real estate tax revenue from the year before. Virginia statute requires the board to decrease next year's rate because the county’s 2009 land valuation was higher than it was in 2005.

Read more in the Danville News...

Posted on Wednesday, March 17, 2010 - 11:10am

Accomack County property taxes to rise four cents

The Accomack County Board of Supervisors voted last night to impose a 4-cent real estate tax increase for fiscal year 2011, which begins July 1. The tax increase is meant to help local schools offset cuts in state aid. One cent will be used to pay down school construction debt and 3 cents will benefit the schools directly.

A public hearing will be April 5 at 7 p.m.

Read more at The Daily Times....

Posted on Tuesday, March 16, 2010 - 4:17pm

Charlottesville residents ask for lower property taxes

Homeowners in Charlottesville won't see their property taxes go up -- in fact, with lower assessed values, many will pay less this year than last year. Still, they would be happy to see their taxes drop further. “Not only is it not time to raise the tax rate but it would be welcome to lower it,” said Colette Hall, president of the North Downtown Residents Association.

Read more in The Daily Progress....

Posted on Tuesday, March 16, 2010 - 4:00pm