Friday, May 24, 2019
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Announcements

CULPEPER COUNTY, VIRGINIA

NOTICE OF PROPOSED HEARING ON REAL PROPERTY AND FIRE TAX RATES

 

The County of Culpeper proposes to increase the total combined real estate tax rate and fire tax rate.

 

  1. Assessment Increase: Total assessed value of real property increased from last year’s total assessed value of real property by nine and thirty-six one hundredths of a percent (9.36%).

  2. Decreased Rate Necessary to Offset and Equalize the Increased Assessment: The current tax rates are $.61 per $100 of assessed value for the real estate tax rate (General Fund tax rate) and $.06 per $100 assessed value for the Fire & Rescue special levy. 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, would be $.55 per $100 of assessed value for General Fund tax rate and $.06 per $100 assessed value for the Fire & Rescue special levy. This rate will be known as the “lowered tax rate.”


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