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Supervisors Finalize Tax Rates
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Supervisors Finalize Tax Rates
The Albemarle County Board of Supervisors finalized its budget for fiscal year 2025-26 and adopted tax rates for the calendar year 2025 at its May 7 meeting. As proposed during the budget process, the board imposed a 4.6% increase in the real estate tax rate, and increased the personal property tax rate—for things like vehicles, boats, and machinery—from $3.96 to $4.28 per $100 of assessed value, an 8% increase. The real estate tax rate rose from
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