March 12, 2007
The debate on whether or not to lower the county's property tax took center stage.
After new re-assessments, board members have heard from the community the need to lower the rates, especially for those residents who live on a fixed income.
“The average re-assessment increase for the two year re-assessment period was 30 percent, so even though the tax rate remained the same, tax bills went up very significantly,” said Lee Catlin, Albemarle County Relations Manager.
The next budget session is Wednesday. They plan to further discuss the tax decrease and the implications it would have on schools, the school budget, and capital plan.
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