Albemarle City Council passes proposed 2025-25 city budget - The Stanly News & Press

Albemarle City Council passes proposed 2025-25 city budget - The Stanly News & Press

ALBEMARLE — At the Albemarle City Council meeting on Monday night, councilmembers voted 4-3 to pass their proposed 2025-26 city budget. The budget will keep the property tax rate at 61 cents, which is 11 cents above the revenue-neutral rate of 50 cents following a property revaluation. Although the rate itself remains unchanged, the revaluation means most property owners will see a tax increase resulting in higher property values and tax bills f…