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After 66% reassessment, Buckingham supervisors vote to advertise 48¢ real‑estate rate and add community allocations
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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 contingency to replenish fund balance. He said reassessment hearings and Board of Equalization outcomes could still change final taxable values and that the advertised rate may be reduced during public hearings but cannot be raised after advertisement.
Supervisors asked county staff to publish plain‑language charts showing sample tax impacts for property owners at typical assessed values; Carter committed to posting those illustrations and explanatory language on the county website.
During the budget discussion the board approved several additions to the advertised budget: $5,000 for the Curdsville Community Center (motion by Supervisor Michael Palmore, second by Paul Garrett), a one‑time increase of $5,000 to the Piedmont Area Veterans Council (motion approved unanimously), and an additional $35,000 to the Extension Service to move a part‑time position toward full‑time. The board also acknowledged a request from EMS for additional staffing and left one new EMS position in the draft budget while deferring larger hires for later consideration.
Votes at a glance: - Advertise FY27 tax rates (Real Estate & Public Service Corporation 48¢ per $100; Personal Property $4.05; State Corporation Commission $4.05; Machinery & Tools $2.90; Merchants Capital $1.00; Aircraft $1.10) — Approved unanimously. - Add $5,000 to Curdsville Community Center — Approved unanimously. - Increase allocation to Piedmont Area Veterans Council from $20,000 to $25,000 (one‑time) — Approved unanimously. - Add $35,000 to Extension Service allocation (total $175,000) — Approved unanimously.
The board directed staff to advertise the FY27 budget and tax levies and to hold public hearings before final adoption.
The next procedural step is the public advertisement and hearings required under state law; staff will publish explanatory materials and sample tax calculations for residents.