City's tax rate won't rise, but budget could increase by nearly 6 percent
The Daily Progress Friday, February 17, 2017 at 9 p.m.
The city of Charlottesville has advertised it will not seek an increase of its real estate property tax rate, but the city’s general fund budget is expected to increase by almost 6 percent.
In a published legal notice, the city has reported it will either maintain or lower the current tax rate of 95 cents per $100 of assessed value.
Based on the proposed tax rate, property assessments and other projected revenues, the city’s general fund budget is expected to exceed last year’s by 5.93 percent.
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