Advertisement

Petersburg City Council cuts real estate tax rate

Petersburg is offering some relief for those who own a home in the city.
Petersburg is offering some relief for those who own a home in the city.(Arizona's Family)
Published: May. 26, 2022 at 4:29 PM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

PETERSBURG, Va. (WWBT) - Petersburg is offering some relief for those who own a home in the city.

The city council voted to cut the real estate tax rate by eight cents, or around six percent.

That will bring the rate down to $1.27.

Of course, homeowners will still likely pay more in real estate taxes this year because real estate assessments are up 13 percent.

Copyright 2022 WWBT. All rights reserved.

Send it to 12 here.

Want NBC12’s top stories in your inbox each morning? Subscribe here.