9.5% Increase In City Real Estate Tax Rate?

The City of Harrisonburg may increase its tax rate from $0.63 (per $100 of assessed value) to $0.69.  This would be a 9.5% increase in real estate taxes for property owners in the City of Harrisonburg.

This would still leave us with a very low tax rate compared to many other areas around Virginia:

• Harrisonburg:  $0.69 (proposed)
• Rockingham County:  $0.64
• Waynesboro:  $0.80
• Charlottesville:  $0.95
• Staunton:  $0.95
• Winchester:  $0.95
  
• Lynchburg:  $1.11
• Median for Virginia's Independent Cities:  $0.97
  

Review the full City budget here, and consider attending the public hearing on May 13 to voice your opinion.

As noted in today's in depth article in the Daily News Record:

Under the fiscal 2015 proposal to raise the rate 6 cents, the owner of a city home valued at $ 150,000 will pay $ 1,035 in real estate taxes, compared to $ 945 now. A house valued at $ 200,000 will be taxed at $ 1,380 next year, according to the draft. That owner pays $ 1,260 now.

Read the DNR article here, and view the proposed City budget here.