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Staff compares Lynchburg to Virginia 15: among lowest real‑estate tax rates; local education spending low per capita
Summary
A staff presentation compared Lynchburg with the 15 largest Virginia cities and found Lynchburg’s real‑estate tax rate at $0.89 is the second‑lowest; per‑capita local contributions to public education ranked lowest among peers in the available APA 2023 data.
City staff presented comparative data on April 8 showing Lynchburg’s real‑estate tax rate at $0.89 per $100 of assessed value — the second‑lowest among the 15 largest Virginia cities — and noted the median single‑family home value in Lynchburg is $219,100, producing an average monthly real‑estate tax bill of about $162.50 for the median household.
Staff used 2023 comparative data from the Commonwealth’s Auditor of Public Accounts, noting the APA figures…
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