Thursday, December 3, 2009

Albemarle County Affirms Plan to Raise Property Taxes, Stop All Infrastructure Improvements for 5 Years, Deny Teachers Pay Raises

...from Wednesday's Board of Supes meeting.  The plan provides direction for financtial planning but is  "not binding."  On Property taxes:

The five-year plan also calls for a 77.2-cent real-estate tax rate for the next five years. At that rate, officials project the average county homeowner would pay the same real-estate taxes for the next two years as under the current 74.2 cents rate, once declining property values are factored in.

See the DP article here.

Related Reading:
Foodstamp Usage Soars in Central VA
Albemarle County School Budget to Be Cut Up to $10
Albemarle County Budget Down Has $5.4 Million


downtownenvy said...

Lovely how even though your property is worth less now you still get to pony up for higher taxes on it. At least it give the illusion of worth.

I'm also wondering when we are going to start having to do push ups because the guy in line next to us did something stupid and we all have to pay for it. Oh right, this is the financial equivalent of that already.

No Better Than Danville said...

Wow, I'm going to run out and buy a $450,000 3 bdrm 3 bath house in the County b/c it's such a great place to live. I can be confident the kids will get a good education and that all the bridges are safe.