AGENDA DATE: 4/15/2020
TITLE:
Title
Approval of Calendar Year 2020 Tax Rates
BODY
SUBJECT/PROPOSAL/REQUEST: Request Board approval of the Calendar Year 2020 Tax Rates
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Kamptner, L. Allshouse, and Bowman
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On February 19, 2020, the County Executive presented the Recommended FY 20 Operating and Capital Budget to the Board of Supervisors. On March 5, 2020, the Board authorized the advertising of a $0.854/$100 real estate tax rate for the 2020 Calendar Year, which is also sometimes referred to as the “Tax Year.” On April 13, 2020, the Board held a Public Hearing on the Calendar Year 2020 tax rates.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The real estate tax rate may not exceed the advertised rate of $0.854 per $100 of assessed value. The real estate tax rate also applies to manufactured homes and public service property. The tax rates for personal property, certain personal property used in a trade or business, and machinery and tools, are proposed to remain at $4.28/$100 of assessed value.
BUDGET IMPACT: The real estate tax rate may not exceed the advertised rate of $0.854 per $100 of assessed value.
RECOMMENDATION:
Recommendation
Staff recommends that the Board adopt the attached Resolution to Set Calendar Year 2020 Tax Rates (Attachment A)
ATTACHMENTS:
A - Calendar Year 2020 Tax Rate Resolution