County Adminstrator Recommends Tax Increases
Paul McCulla, Fauquier County Administrator, presented his proposed budget submission for the Fauquier County government for Fiscal Year 2014 (FY 2014) to the Fauquier County Board of Supervisors today, according to a press release today from Fauquier County Deputy Adminstrator Katie Heritage.
According to the press release, the FY 2014 proposed county budget recommends an overall real estate tax rate of $1.005.
The report also stated the general rate would be reduced by 1.3 cents to 90.6 cents, while the Fire and Rescue Levy would be increased by 4.8 cents to 9.3 cents.
Heritage said the Conservation Easement District would remain unchanged at 0.6 cents.
According to Heritage, the board of supervisors’ approval of the proposed tax rates would increase real estate tax bill by about $35 per year for each $100,000 thousand in assessed value. The average homeowner’s real estate tax bill would increase by about $110 per year, based on the average residential assessment value of $313,200 thousand.
Heritage said qualifying elderly and disabled real property owners would generally not see an increase as a result of the exemption afforded them under the County’s tax relief program.
The proposed budget would continue the board’s reduced personal property tax rate for tangible business property, first introduced as part of the FY 2011 budget to offset the relative increase in real property tax receipts from businesses, according to Heritage.
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