Roanoke County sets 2025 personal property tax relief at 44.69%

The Roanoke County Board of Supervisors convened on April 8, 2025, to discuss key tax resolutions that will impact residents in the upcoming fiscal year. A significant decision made during the meeting was the approval of the personal property tax relief percentage, which will be set at 44.69% for the 2025 tax year. This marks a slight decrease from the previous year’s rate of 44.79%. The allocation is based on a consistent state block grant of approximately $12.2 million, which has remained unchanged for several years.

Laurie Gearhart, the Director of Finance and Management Services, emphasized the importance of this resolution for the timely processing of tax bills, stating that the approval would facilitate the treasurer's work in the coming weeks. The board unanimously approved the resolution, reflecting a long-standing practice of managing personal property tax relief effectively.

In addition to personal property tax relief, the board also conducted a public hearing regarding the tax rates for real estate, personal property, and machinery and tools for the calendar year 2025. This public hearing is a requirement under state law, allowing citizens to voice their opinions before the board adopts the tax rates.

The board subsequently approved the tax rate for real estate at $1.03 per $100 of assessed valuation and set the personal property tax rate at $3.40 per $100 of assessed valuation. Furthermore, the tax levy for machinery and tools was established at $2.80 per $100 of assessed valuation. All resolutions received unanimous support from the board members.

These decisions are crucial as they directly affect the financial responsibilities of Roanoke County residents. The board's actions reflect a commitment to maintaining a stable tax environment while ensuring that residents receive necessary tax relief. As the county moves forward, these tax rates will play a significant role in shaping the local economy and community services.