by Megan Schiffres
HEATHSVILLE—Northumberland supervisors further scrutinized a proposed real estate tax increase for the next fiscal year during a meeting of the board last Thursday.
The county initially proposed a real estate tax increase of 5 cents, from 59 cents to 64 cents per $100 of assessed value. Due to concerns related to the financial impact of the COVID-19 virus pandemic on its residents, board members on Thursday, June 4, instead considered a real estate tax increase of 2 to 3 cents, for a total of 61 or 62 cents per $100 of assessed value.
“Coming off of the reassessment, our equalized tax rate is 0.6184 cents. So, at a 62-cent tax rate that leaves approximately $146,432 in deposit,” said county administrator Luttrell Tadlock. “At a 61-cent tax rate, we would dip into the general fund approximately $128,000.”
These reductions to the proposed real estate tax rates in the county are the result of…
There’s more to this story,
and many more news articles, photos and ads available only in our online e-Edition or in the printed version. Become a subscriber today!
• To access or subscribe to the e-Edition, go - HERE
• To subscribe to the printed version, go - HERE
• To buy the printed version at a newsstand, - HERE are our locations.
For assistance, please call us at 804-435-1701, extension 16.