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Posted March 28, 2014 | Leave a comment
Shenandoah County to advertise real estate tax hike
Daily Staff Report
The Shenandoah County Board of Supervisors has set a proposed real estate tax rate for advertisement that shows an increase from 54 cents to 59.5 cents per $100 in fiscal year 2015.
A homeowner with property valued at $200,000 pays $1,080 per year at the current tax rate. The proposed increase would raise that homeowner's real estate tax by $110 to $1,190 per year.
The current real estate tax rate of 54 cents is the second lowest of all of the localities in the region. Frederick County's real estate tax rate is 58 cents. Warren County has a real estate tax rate of 59 cents and is advertising an increase to 61 cents for fiscal year 2015.
Shenandoah County collects about $24 million in revenue from real estate taxes. Residential real estate makes up about 77 percent of the total county revenue.
Supervisors also agreed upon funding for 16 proposed capital improvement projects at its meeting Thursday.
The proposed fiscal year 2015 budget allocates about $500,000 toward funding these projects, including $90,600 for the conversion to solar-powered mixers at the North Fork Wastewater Treatment Plant, $68,782 for the replacement of a D7 Dozer with a new Dozer 850, and $58,226 for replacing two cars used by law enforcement.
Other projects include six optical scan voting systems ($48,000), painting the roof of the circuit courthouse and jail ($40,000), purchasing an "automatic tarper" ($39,000), and painting the exterior of the circuit courthouse and jail ($30,000).
A public hearing on the proposed fiscal year 2015 budget and the real estate tax rate is scheduled for 7 p.m. April 15 at W.W. Robinson Elementary School.
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