Roanoke County supervisors vote to promote no tax fee improve | Govt and Politics

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Roanoke County is not going to improve actual property or private property taxes for the upcoming fiscal yr — a development that dates again to 1985, in line with county officers.

The board of supervisors voted to promote the tax charges for the upcoming fiscal yr starting July 1 on the present charges for actual property and private property at $1.09 and $3.50, respectively, per $100 of assessed worth.

The non-public property tax has remained the identical since 1985, and the actual property tax had really gone down from $1.15 in 1985 to $1.09, the place it has been since 2007.

Moreover, the tax fee for equipment and instruments is not going to be raised both, with a most fee of $2.85 per $100 of assessed worth, decrease than the $3 determine from 1985, in line with county spokeswoman Amy Whittaker.

As soon as the charges are marketed, they’ll solely be lowered, not elevated.

That isn’t to say, although, that county residents is not going to see a rise within the quantity they pay in taxes for the upcoming yr.

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County Administrator Richard Caywood mentioned final month with rising housing and automobile costs, the county is anticipated to obtain extra in tax income than it did the earlier yr.

“Fast Inflation progress has brought on residence worth and private property to rise throughout the nation, rising our revenues, whereas the price of offering companies to residents has correspondingly elevated our expenditures,” he informed the board of supervisors final month.

Actual property tax income is anticipated to supply simply over half of the county’s revenue, at $110.5 million for the 2023 fiscal yr. Private property is anticipated to account for an additional $39 million of anticipated income.

The county is proposing a price range of simply over $218 million for the upcoming fiscal yr.

Finances talks are scheduled to proceed on the board’s subsequent assembly on April 12.



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