Charlottesville's tax rate: Difference between revisions

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'''Charlottesville''' adopts a new real estate property tax rate every April as part of the budget development process.   
'''Charlottesville''' adopts a new real estate property tax rate every April as part of the budget development process.   


The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since [[1981]], when it went from $1.10 to $1.13.{{fact}}
The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since [[1981]], when it went from $1.10 to $1.13. <ref>{{cite web|title=April 6, 1981|url=http://weblink.charlottesville.org/public/0/doc/157480/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
 
In the mid-2000's, there were several decreases in the tax rate that were made at a time when property assessments began to sharply increase in the city.


==Historical tax rates==
==Historical tax rates==
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{| class="wikitable"
{| class="wikitable"
!Year
!Year
!rate per $100 of assessed value<ref>City Assessor, Roosevelt W. Barbour, Jr., RES</ref>
!rate per $100 of assessed value
|-
|-
|1995
|1995
|$1.11
|$1.11 <ref>{{cite web|title=April 3, 2022|url=http://weblink.charlottesville.org/public/0/doc/45424/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|1996
|1996
Line 35: Line 37:
|-
|-
|2003
|2003
|$1.11<ref>{{minutes-citycouncil|documentid=195914|when=7 Apr. 2003}}</ref>
|$1.11 <ref name="Apr2003">{{cite web|title=|url=|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|2004
|2004
|$1.09<ref>{{minutes-citycouncil|documentid=195914|when=7 Apr. 2003}}</ref>
|$1.09 <ref name="Apr2003" />
|-
|-
|2005
|2005
|$1.09
|$1.09 <ref>{{cite web|title=April 4, 2005|url=http://weblink.charlottesville.org/public/0/doc/249284/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|2006
|2006
|$1.05
|$1.05 <ref name="Apr2006">{{cite web|title=April 3, 2006|url=http://weblink.charlottesville.org/public/0/doc/308723/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|2007
|2007
|$0.99
|$0.99 <ref>{{cite web|title=April 11, 2006|url=http://weblink.charlottesville.org/public/0/doc/308724/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|2008
|2008
|$0.95
|$0.95 <ref>{{cite web|title=April 10, 2007|url=http://weblink.charlottesville.org/public/0/doc/308777/Page1.aspx|author=|work=Charlottesville City Council minutes|publisher=City of Charlottesville|location=|publishdate=|accessdate=April 13, 2022}}</ref>
|-
|-
|2009
|2009
Line 87: Line 89:
|2020
|2020
|$0.95
|$0.95
|-
|2021
|$0.95
|-
|2022
|$0.95 <ref>{{cite web|title=City of Charlottesville Operating and Capital Improvement Budget|url=https://www.charlottesville.gov/DocumentCenter/View/6013/City-of-Charlottesville-VA-FY-2022-Adopted-Budget-PDF?bidId=|author=|work=Budget|publisher=City of Charlottesville|location=|publishdate=|page=39|accessdate=December 9, 2021}}</ref>
|-
|2023
|$0.96<ref>{{cite-infocville|title=City Council adopts FY23 budget, raises real estate tax by a penny|url=https://infocville.com/2022/04/13/city-council-adopts-fy23-budget-raises-real-estate-tax-rate-by-a-penny/|author=|work=|publisher=|location=|publishdate=April 13, 2022|accessdate=April 13, 2022}}</ref>
|}
|}


*'''What is the tax rate in neighboring jurisdictions?'''
::When the current (County) tax rate of 79.9 cents is adjusted to reflect the impact of [[Revenue Sharing Agreement|revenue sharing]], the County actually operates on a 10.5 cent lower rate, or 69.4 cents, because of the amount allocated to the City of Charlottesville.<ref>
Albemarle County Operating and Capital Budget https://www.albemarle.org/navpages.asp?info=budgetfaq#taxes</ref>
==References==
==References==
{{unreferenced}}
{{reflist}}
{{reflist}}


[[Category: Taxes]]
[[Category: Taxes]]
[[Category:Charlottesville budget|Tax rate]]
[[Category:Charlottesville budget|Tax rate]]

Latest revision as of 07:28, 22 September 2022

Charlottesville adopts a new real estate property tax rate every April as part of the budget development process.

The tax rate is for the calendar year while the fiscal year runs July 1 to June 30. The rate has not been raised since 1981, when it went from $1.10 to $1.13. [1]

In the mid-2000's, there were several decreases in the tax rate that were made at a time when property assessments began to sharply increase in the city.

Historical tax rates

Year rate per $100 of assessed value
1995 $1.11 [2]
1996 $1.11
1997 $1.11
1998 $1.11
1999 $1.11
2000 $1.11
2001 $1.11
2002 $1.11
2003 $1.11 [3]
2004 $1.09 [3]
2005 $1.09 [4]
2006 $1.05 [5]
2007 $0.99 [6]
2008 $0.95 [7]
2009 $0.95
2010 $0.95
2011 $0.95
2012 $0.95
2013 $0.95
2014 $0.95
2015 $0.95
2016 $0.95
2017 $0.95
2018 $0.95
2019 $0.95
2020 $0.95
2021 $0.95
2022 $0.95 [8]
2023 $0.96[9]

References

  1. Web. April 6, 1981, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  2. Web. April 3, 2022, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  3. 3.0 3.1 Web. [ ], Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  4. Web. April 4, 2005, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  5. Web. April 3, 2006, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  6. Web. April 11, 2006, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  7. Web. April 10, 2007, Charlottesville City Council minutes, City of Charlottesville, retrieved April 13, 2022.
  8. Web. City of Charlottesville Operating and Capital Improvement Budget, Budget, City of Charlottesville, retrieved December 9, 2021.
  9. Web. City Council adopts FY23 budget, raises real estate tax by a penny, News Article, Town Crier Productions, April 13, 2022, retrieved April 13, 2022.