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C I T Y O F WAYNESBORO
NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE
AND PUBLIC HEARING
Consistent with Virginia Code Section 58.1-3321, the City of Waynesboro proposes to increase property tax levies.
1. 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 nine and one tenth (9.1) percent.
2. 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 $0.83 per $100.00 assessed value. This rate will be known as the “lowered tax rate.”
3. Effective Rate Increase: The City of Waynesboro proposes to adopt a tax rate of $0.90 per $100 of assessed value (which would be a maximum). The difference between the lowered tax rate and the proposed rate (as a maximum) would be $0.07 per $100 assessed value, or eight percent (8.0%). 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.
4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenue, the total budget of the City of Waynesboro will exceed last year’s budget by approximately seven (7%) percent.
A public hearing on the proposed increase will be held on April 12, 2021, 7:00 p.m. in the Waynesboro High School Auditorium at 1200 West Main Street, Waynesboro, Virginia, 22980. The meeting will also be broadcast on the Waynesboro City Council YouTube channel. In light of the coronavirus pandemic, citizens are encouraged to submit their comments in writing or by phone. A telephone number to speak during the public hearing will be announced at the start of the public hearing. Comments may be submitted to the City Clerk’s Office, 503 W. Main Street, Waynesboro, VA 22980, by email BortleJE@ci.waynesboro.va.us, or by calling 540-942-6669.
All hearings shall be open to the public. The City Council shall permit persons desiring to be heard an opportunity to present oral testimony within such reasonable time limits as shall be determined by the Mayor. Persons with hearing loss or speech impairment desiring to attend the public hearing may contact the Clerk of Council directly by phone at 540-942-6669. Options for virtual participation will be posted prior to the meeting.
The foregoing provisions of this section shall not be applicable to the assessment of public service corporation property by the State Corporation Commission.
Notwithstanding other provisions of general or special law, the tax rate for taxes due on or before June 30 of each year may be fixed on or before May 15 of that tax year.
Julia Bortle, MMC
Clerk of Council