The Augusta County Board of Supervisors will conduct a Public Hearing during a special meeting at 7 p.m., on Wednesday, April 17, 2024, in the Board Meeting Room, Augusta County Government Center, 18 Government Center Lane, Verona, Virginia, to consider a proposal to increase property tax levies.
- 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 51.3 percent.
- 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 $0.42 per $100 of assessed value. This rate will be known as the “lowered tax rate.”
- Effective Rate Increase: The County of Augusta proposes to adopt a tax rate of $0.52 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.10 per $100, or 23.8 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.
- Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total budget of the County of Augusta will exceed last year’s by 16.6 percent.
Find more information the proposed tax rate and FY25 budget at https://augustacountyva.civilspace.io/en/projects/fy25-budget.
Engage in the County’s budget process in the following ways:
Information and questions regarding the above matters should be directed to County Administration at 540-245-5610 or coadmin@co.augusta.va.us.
Sign up for e-notices about the budget process and tax information, www.AugustaCountyVA.gov/e-notices.
View the meeting agenda, submit e-comments, and sign-up to speak on the Meetings and Agenda page.
