Albemarle May Have a Higher Tax Rate

From the DP:

Snow told supervisors this morning that he’s willing to support a tax rate of 75.2 cents per $100 of assessed value, up from the 2010 rate of 74.2 cents.

Supervisor Dennis S. Rooker, an independent, proposed the rate increase to provide funding primarily for about a $1 million local transportation fund that could be matched with state funds, doubling its value, and about $450,000 to provide the first year of annual financing of a new Crozet library.

I’d be inclined to support this if I trusted the politicians/bureaucracy/system to dedicate the increased revenue to specific projects. But I don’t.

Updated: 12:50 p.m. The Albemarle Board of Supervisors voted early this afternoon to advertise a 2011 real-estate tax rate of 74.2 cents per $100 of assessed value, the same rate as 2010.

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