Assessed values in the City of Charlottesville and County of Albemarle are up across the board and now the respective localities have voted to increase taxes – The City is raising is meals tax 1% (archived: 2015) and the County is raising the property tax rate from 79 cents to 82 cents per $100 of assessed value.
If the County would devote that money to infrastructure, and have a sunset clause on that rate, I’d be in favor of paying a little bit more in taxes.
Curious – will you consider the new, higher meals tax in the City when choosing where to eat out?
Keep in mind that the Albemarle County budget is still effectively .10 less per $100 due to the revenue sharing agreement with the City of Charlottesville. You can read the actual revenue sharing agreement at cvillenews.
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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