2010 proposed real estate tax rates

Yesterday four different real estate tax rates were introduced at City Council: $1.23 $1.22 $1.21 $1.20 (current rate) $1.19 Knowing that the city faces a thirty million dollar budget shortfall, I don’t see Council keeping the rate the same (or lowering it). As Northside property values stayed roughly the same last year, it looks like we’ll all be getting a […]

March 10, 2010; 11:51 AM • by North Richmond News

Yesterday four different real estate tax rates were introduced at City Council:

$1.23
$1.22
$1.21
$1.20 (current rate)
$1.19

Knowing that the city faces a thirty million dollar budget shortfall, I don’t see Council keeping the rate the same (or lowering it). As Northside property values stayed roughly the same last year, it looks like we’ll all be getting a larger bill next year.

Council will vote on the new rate on April 12th.

CHPN has an ongoing discussion on the matter as does Hills and Heights.