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Prince George County board votes to advertise FY2027 real estate tax rate at 82¢
Summary
The Prince George County board voted unanimously to advertise the FY2027 real estate tax rate at 82¢ per $100 of assessed value and approved running required public notices for related calendar-year levies; staff warned the change affects projected revenues and public hearings are scheduled before final adoption.
The Prince George County board voted to advertise the FY2027 real estate tax rate at 82¢ per $100 of assessed value, directing staff to run the required public notices for an April 28 public hearing and to return for final adoption on May 26.
In the budget work session, county finance staff presented the introduced FY27 budget, noting the introduced real estate rate had been set at 81¢ by consensus but that the board could advertise a lower rate and not increase it later. Staff said one penny of the real estate tax is worth about $416,000 in county revenue and gave example homeowner impacts: a $335,000 assessment would see roughly a $34 annual reduction; $40 at $400,000; $50 at $500,000. Staff also reviewed calendar-year…
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