Look for QA prop­erty tax bills in Au­gust

Record Observer - - Classifieds -

CENTREVILLE — Prop­erty tax bills will be ar­riv­ing in the mail in early Au­gust and again this year, tax­pay­ers in owner-oc­cu­pied homes have the op­tion of mak­ing two pay­ments, one in Septem­ber the sec­ond in De­cem­ber. How­ever, again this year, cit­i­zens who opt for the two-pay­ment plan must re­mem­ber to make the sec­ond pay­ment as a sec­ond bill is not sent.

The fis­cal year 2017 prop­erty tax rate re­mains the same at $0.8471 per $100 of as­sessed value. This is $0.0108 per $100 of as­sessed value (about one cent) above the con­stant yield rate of $0.8363 per $100 of as­sessed value. The con­stant yield rate is the prop­erty tax rate which will pro­duce the same amount of prop­erty tax rev­enue as the previous fis­cal year. The con­stant yield rate is lower than the cur­rent rate be­cause over­all assess­ments in the county have in­creased slightly, about 1.3 per­cent, since last year.

Fi­nance Di­rec­tor Jonathan See­man said, “For com­mer­cial prop­er­ties, if your tax bill is un­der $100,000, you may also pay your bill in two pay­ments. If, as a com­mer­cial prop­erty, you in­tend to pay in two pay­ments, call the Fi­nance Of­fice at 410758-4064 prior to Septem­ber and we will send you a two part bill.”

The FY2017 bud­get is $129.8 mil­lion, which is a $4.7 mil­lion or 3.7 per­cent in­crease above last year’s bud­get, said See­man. “Rev­enues for the county in­creased mod­er­ately, with a small in­crease in prop­erty taxes, while in­come tax rev­enue is es­ti­mated to be 3.8 per­cent higher.”

In­cluded in the bud­get is a $1.3 mil­lion in­crease in county fund­ing for the school board and an­other $1.2 mil­lion (for the third year) of tech­nol­ogy im­prove­ments in the schools, for a to­tal con­tri­bu­tion to pub­lic schools of $57.63 mil­lion, about a 2 per­cent in­crease over FY2016.

The cap­i­tal bud­get in­cludes fund­ing for a new county court­house and $2.5 mil­lion for road resur­fac­ing.

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