Charlottesville's tax rate: Difference between revisions

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'''Charlottesville''' adopts a new real estate property tax rate annually as part of the budget development process.  The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since 1981, when it went from $1.10 to $1.13. However, bills have continued to rise under the city's annual reassessment.
'''Charlottesville''' adopts a new real estate property tax rate every April as part of the budget development process.   
 
The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since [[1981]], when it went from $1.10 to $1.13.{{fact}}
 
==Historical tax rates==


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|2019
|2019
|$0.95
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|2020
|$0.95
|$0.95
|}
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*'''What is the tax rate in neighboring jurisdictions?'''
::When the current (County) tax rate of 79.9 cents is adjusted to reflect the impact of [[Revenue Sharing Agreement|revenue sharing]], the County actually operates on a 10.5 cent lower rate, or 69.4 cents, because of the amount allocated to the City of Charlottesville.<ref>
Albemarle County Operating and Capital Budget https://www.albemarle.org/navpages.asp?info=budgetfaq#taxes</ref>
==References==
==References==
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{{unreferenced}}
<references />
{{reflist}}


[[Category: Taxes]]
[[Category: Taxes]]
[[Category:Charlottesville budget|Tax rate]]
[[Category:Charlottesville budget|Tax rate]]

Revision as of 00:19, 18 January 2020

Charlottesville adopts a new real estate property tax rate every April as part of the budget development process.

The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since 1981, when it went from $1.10 to $1.13.[citation needed]

Historical tax rates

Year rate per $100 of assessed value[1]
1995 $1.11
1996 $1.11
1997 $1.11
1998 $1.11
1999 $1.11
2000 $1.11
2001 $1.11
2002 $1.11
2003 $1.11[2]
2004 $1.09[3]
2005 $1.09
2006 $1.05
2007 $0.99
2008 $0.95
2009 $0.95
2010 $0.95
2011 $0.95
2012 $0.95
2013 $0.95
2014 $0.95
2015 $0.95
2016 $0.95
2017 $0.95
2018 $0.95
2019 $0.95
2020 $0.95
  • What is the tax rate in neighboring jurisdictions?
When the current (County) tax rate of 79.9 cents is adjusted to reflect the impact of revenue sharing, the County actually operates on a 10.5 cent lower rate, or 69.4 cents, because of the amount allocated to the City of Charlottesville.[4]

References

  1. City Assessor, Roosevelt W. Barbour, Jr., RES
  2. Web. Charlottesville City Council meeting minutes, .pdf, Council Chambers, City of Charlottesville, 7 Apr. 2003.
  3. Web. Charlottesville City Council meeting minutes, .pdf, Council Chambers, City of Charlottesville, 7 Apr. 2003.
  4. Albemarle County Operating and Capital Budget https://www.albemarle.org/navpages.asp?info=budgetfaq#taxes