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County manager recommends 4-cent real-estate-rate increase to fund courthouse and school; public hearing opens
Summary
New Kent County staff proposed a 4-cent real-estate tax increase (to 58 cents per $100 assessed value) to fund operations and debt service for a new courthouse and an elementary school; staff proposed using $12.5 million in capital funds to reduce borrowing.
County finance staff presented the proposed fiscal-2027 real-estate tax rates and related budget rationale during a public hearing April 13.
Mr. Hathaway, county finance staff, said reassessment reduced the equalized rate to 54 cents per $100; the advertised worst-case rate was 59 cents. He recommended a 4-cent rate (58 cents) rather than the advertised 5-cent increase, using…
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