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After 66% reassessment, Buckingham supervisors vote to advertise 48¢ real‑estate rate and add community allocations
Summary
Following a county reassessment that raised average property values by about 66%, the Board of Supervisors voted unanimously to advertise a 48¢ per‑$100 real‑estate tax rate for FY27. The board also approved one‑time increases for the Piedmont Area Veterans Council and Curdsville Community Center and added funding to the Extension Service.
County Administrator Karl Carter told the Board on Wednesday that the county’s reassessment produced an average value increase of roughly 66 percent and an equalized tax rate of 36¢ per $100 of assessed value. To rebuild reserves and smooth revenue over the next reassessment cycle, Carter recommended advertising a proposed rate of 48¢ for public notice; supervisors voted to advertise that rate and related levies by unanimous roll call.
Carter explained that the equalized rate (36¢) would produce nearly the same total levy as the current 60¢ rate under the new values, and that advertising at 48¢ would create a…
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