Prince William supervisors are poised to adopt the fiscal 2011 plan at Tuesday’s 2 p.m. meeting, and the advertised real estate tax rate of $1.236 per $100 of assessed value would seem the preference of the majority.
The current rate is 1.212. The $1.236 is projected to increase tax bills for the average homeowner by about $74, and lower bills on commercial entities by an average 15 percent.
The real estate tax rate is only one of several budget-related matters the board will pass at their meeting at the McCoart Administration Building.
Also on the plate: revisions to building and land development fees; adoption of the Business, Professional and Occupational License fee; adoption of the motor vehicle license tax; and adoption of the fire and rescue levy. Supervisors will also vote on the special service and sanitary district levy.
All these matters were subject to public hearing at the April 5 and 12 budget meetings.
The proposed rate for the fire and rescue levy is $0.0761 per $100 valuation – up from the current $0.0746, according to board documents. The BPOL tax rates, which span 10 different categories and range in level from 5 cents per $100 of gross receipts for wholesalers to 33 cents for financial and real estate businesses, are to remain the same. The motor vehicle license tax — $24 for automobiles, trucks and mobile homes and $12 for motorcycles – is also set to stay the same.
Supervisors will also appropriate the school’s budget and adopt the fiscal 2011-16 Capital Improvement Program.
Staff writer Cheryl Chumley can be reached at 703-530-3903.
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