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County finance officials report FY26 property tax forecast of $12.3 million
Summary
Charles City County finance staff reported on Oct. 21 that anticipated property tax revenue for fiscal 2026 is approximately $12.3 million, representing roughly 40% of the adopted budget; staff described responsibilities for assessment, collection and fiscal monitoring and said audits and monthly reporting are underway.
Charles City County finance officials briefed the Board of Supervisors on Oct. 21 with an update on fiscal 2026 revenue expectations, telling the board they anticipate approximately $12,300,000 in property tax receipts for the year.
The county’s commissioner of revenue — identified in the meeting as the office responsible for assessment — told the board that property tax bills have been mailed and thanked the board for approving funding for new assessment software. “If there is any discrepancies that you have with your bills, please feel free to give us a call,” the commissioner said.
The treasurer’s office summarized its role in tax collection, investment of public funds and related reporting and urged residents to call the offices with any billing concerns. County finance staff said they are actively monitoring revenues and expenditures for FY26 and preparing for the FY27 budget process. The finance director said audits and September financials are in progress and that the board will receive a fiscal report in the next board packet showing revenues and expenses in line with the adopted budget.
Presenters emphasized that real‑estate tax is the county’s largest single revenue source and that property taxes account for roughly 40% of the fiscal 2026 budget. Board members thanked staff for responsiveness to recent resident inquiries and said they would review the board packet for any follow‑up questions.
No votes or budget changes were taken during the update; staff committed to continuing regular financial reporting to the board.
