City of Charlottesville

has run their required ad related to the annual process to set the real estate property tax rate. City Manager Gary O’Connell is recommending to City Council a rate of $0.99 per $100 of assessed value, an effective increase of 11.5 cents as shown in the ad below.

Click here for a user guide to the tax rate debate

which I prepared for the discussion in Albemarle County.

The City’s budget materials can be

found online here

. City Council holds a

public hearing

on the tax rate on March 19th.

Brian Wheeler


The City of Charlottesville proposes to increase property tax levies.

1. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last year’s total assessed value of real property by 13.2 percent.

2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.875 per $100 of assessed value. This rate will be known as the “lowered tax rate”.

3. Effective Rate Increase: The City of Charlottesville proposes to adopt a tax rate of $0.99 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.115 per $100, or 13.1 percent. This difference will be known as the “effective tax rate increase.” Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.

4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total General Fund budget of the City of Charlottesville will exceed last year’s by 13.64 percent.

A public hearing on the increase will be held on Monday, March 19, 2007 at 7:00 p.m. in the Council Chamber of City Hall


The hearing is open to the public, and persons desiring to present oral testimony will have an opportunity to speak at this time.

Jeanne Cox

Clerk of Council

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