Dinwiddie real estate tax rate
Posted by Chris Berdoz - email
DINWIDDIE, VA (WWBT) - A big drop in the real estate tax rate has gotten the okay in Dinwiddie county. But residents there will still pay more on their property. That lower rate will offset significantly high property assessments.
Many residents are not happy with the proposal, but there is some good news, the majority of money generated from the real estate tax goes to the school system. Once concerned about getting less local dollars for the upcoming year, Dinwiddie school leaders say that's no longer the case.
"We've been assured our money is relatively protected," said Dinwiddie County School Superintendent Dr. Charles Maranzano.
Protected in part because residents will likely pay more in real estate taxes. This, despite a vote by the board of supervisors to drop the rate from 87 cents per $100 of assessed real estate to 68 cents.
"But most homeowners will see a larger increase because of the the tax assessment in 2009 increasing anywhere from 10 to 100 percent," said Board of Supervisors Chairman Donald Haraway.
Many residents say they wanted the rate to be set even lower in order to completely counter the high assessments. But county leaders say that would be impossible to do without cutting funding for the school system. The county is still working to balance it's budget.
"In the budget for next year we're going to eliminate close to 20 jobs and we're also considering a reduction in pay" said Haraway.
That pay reduction would be three percent for all county employees. Although the tax rate will likely decrease county leaders say chances are that won't be the case next year.
"We will have to increase rates in the future unless some unforseen revenue comes in" said Haraway.
The county's budget will be finalized in May.
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