Charlottesville weighs tax increases for real estate, meals

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CHARLOTTESVILLE, Va. (WVIR) – Taxes in Charlottesville might be on the rise — some greater than others — as metropolis council works to fund key tasks and priorities.

Consideration thus far this price range cycle has been on the true property tax fee, which councilors can increase by as much as 10 cents. The doable enhance in actual property taxes within the metropolis was due largely to a must fund college reconfiguration renovations at Buford Center Faculty.

However as a result of assessments went up practically 12%, councilors have cooled off on elevating the speed by the total dime, maybe eyeing a lesser enhance.

”I’m not against them however I’m involved of including tax charges on high of present assessments,” stated Councilor Brian Pinkston. “That appears actually tone-deaf.”

Fellow Councilor Michael Payne added “I believe if you happen to’re speaking a couple of 10 cent actual property tax enhance in a single 12 months, I simply don’t assume that’s good public coverage.”

Councilor Sena Magill floated the concept of staggering the increase.

“There’s too many issues which are coming due and I believe it will be simpler if we did two cents this 12 months and two cents subsequent 12 months versus 4 or 5 cents subsequent 12 months,” stated Magil.

Whereas Charlottesvillians might be paying lower than the town marketed in actual property taxes, they might be paying extra for meals. A proposed 0.5% enhance would internet the town about $1.2 million.

“That retains us within the common vary, that by far nearly the good majority of cities are [in] – between 6-6.5%,” stated Mayor Lloyd Snook.

Someday after Albemarle County mentioned reducing the non-public property tax fee due to inflated automotive values, the town will not be on board.

“Let’s put them at a spot the place we’re snug with,” stated Snook. “Let’s depart them there. And a few years that may end in one thing of a windfall to the town, some years it means we don’t.”

Council’s dialogue permits it to carry public hearings on these tax fee adjustments on March 21.

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