Chesterfield County, Va. (NewsradioWRVA.com) - The budget process is about to get underway in Chesterfield and county leaders are primed to propose another reduction in the county's real estate tax rate.
Chesterfield County Administrator Joe Casey says that back in December, the Chesterfield Board of Supervisors approved an advertised reduction in the real estate tax rate from 95 to 93 cents per 100 dollars of assessed value. That 93 cent advertised rate could always change, but it can only go down. On Tuesday, Casey announced that the county's financial situation is such that another penny could be lopped off that rate. So, a 92 cent per 100 dollars of assessed value rate will be presented to the Board of Supervisors on Wednesday.
Casey adds that with the state budget not finalized yet, there still could be good news that could bring the rate lower yet. But, for the time being, this is what will be presented to the Board of Supervisors as the process begins. A public hearing on the proposed rate will come on March 23. A final vote could come April 6.
