PRINCE WILLIAM COUNTY, VIRGINIA . . . The Board of County Supervisors voted 5-3 to advertise a real estate tax rate of $1.196 per $100 of assessed value for the FY 2014 Budget. The advertised rate was based on the desire of the Board to reduce the tax rate and reduce the planned 4% annual tax bill growth from the Five Year Plan.
The advertised rate is not a final tax rate for the FY2014 budget. Rather, it allows discussion and establishes the upper limit by which the Board may adopt a final tax rate. On April 23, 2013, the Board will adopt a final real estate tax rate, budget and Capital Improvement Plan (CIP). That rate for the final budget is not permitted to be any higher than the advertised rate of $1.196 per $100 of assessed value established today. However, it may be adopted at a lower rate than the advertised rate.
A public hearing will be held at 7:30 p.m. on Tuesday, April 9, 2013, at the McCoart Building to discuss the advertised tax rate. The hearing provides citizens an opportunity to voice their positions on the advertised tax rate and the FY2014 Budget. Citizens are encouraged to participate and speak on their position with regard to the budget.
For more detailed information on the budget, and complete budget calendar, visit www.pwcgov.org/budget.
