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Albemarle County Supervisors Adopts Budget, Tax Rate

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Albemarle County supervisors approved a new tax rate and the 2018 fiscal year budget Albemarle County supervisors approved a new tax rate and the 2018 fiscal year budget
Albemarle County Supervisor Diantha McKeel Albemarle County Supervisor Diantha McKeel

The 2017 Albemarle County tax rate was approved Monday by the board of supervisors.

The rate is around $0.84 per $100.

That means if your house is worth $200,000 dollars, you’ll pay around $1,680.00 in taxes.

The total operating budget for 2018 was also adopted. It is almost $400 million.

“A couple of bigger items is a position for an urban planner and a position for our county assessor’s office as well as additional money for JAUNT and JABA and then there are some other items too,” said County Supervisor Diantha McKeel. 

The 2018 budget will also go towards funding the school division, partnership, and outside funding.

Press Release from Albemarle County: 

On Monday, May 15, 2017, the Albemarle County Board of Supervisors conducted a public hearing on the Calendar Year 17 Tax Rate. Formal approval of the tax rate and adoption of the FY 18 budget followed that public hearing. 

The adopted Fiscal Year 2018 combined capital and operating budget totals $397,897,173 and is balanced with a tax rate of $0.839 per $100 of assessed value. This budget reflects the impacts of a strengthening local economy and the positive effects of significant transformation and efficiencies realized by County government. This budget also acknowledges continued economic uncertainty at the state, national, and international levels by implementing responsible strategies that help buffer the County from potential economic turbulence.

The adopted FY 18 budget meets all the County's obligations and mandates, including funding the School Division according to established funding guidance. It supports the Two Year Fiscal Plan goal areas of Board approved strategic priorities, transformation, and quality organization. The budget is forward looking and positions the County to pursue opportunities for partnership and leverage outside funding. It invests revenues that are stronger than originally projected into the Capital Improvement Program (CIP) and into direct actions that implement community improvements.

For more information on the FY 18 budget and all corresponding materials, visit www.albemarle.org/budget