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The original item was published from 2/19/2019 4:42:55 PM to 3/29/2019 12:05:00 AM.

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Board of Supervisors - Public Hearings / Public Notices

Posted on: February 22, 2019


The County of Chesterfield proposes to increase property tax levies.

1. Assessment Increase: Total assessed value of real property, excluding additional assessments

due to new construction or improvements to property, exceeds last year’s total assessed value of

real property by 3.7%.

2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same

amount of real estate tax as last year, when multiplied by the new total assessed value of real

estate with the exclusions mentioned above, would be $0.92 per $100 of assessed value. This

rate will be known as the “lowered tax rate”.

3. Effective Rate Increase: Chesterfield County proposes to adopt a tax rate of $0.95 per $100 of

assessed value. The difference between the lowered tax rate and the proposed rate would be

$0.03 per $100, or 3.3%. This difference will be known as the “effective tax rate increase”.

Individual property taxes may, however, increase at a percentage greater than or less than the

above percentage.

4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes

in other revenues, the total consolidated FY2020 budget will increase from last year’s adopted

consolidated budget by approximately 3.0%.

5. Total taxable and exempt property as of 1/1/2019 is $41,565,202,177; of this amount total taxable

property is $38,874,802,577, or 94%, and the total tax-exempt property is $2,690,399,600, or

6%, of total taxable and exempt property.

A public hearing on the increase will be held on Wednesday, March 27, 2019 at 6:05 p.m. in the

Chesterfield County Public Meeting Room at 10001 Iron Bridge Road. The hearing will be open to

the public and will be accessible to persons with disabilities. The Board of Supervisors will allow the

public an opportunity to speak. To sign up to speak, or request special accommodations, call the

Clerk to the Board of Supervisors at 804-748-1200. Speakers may also sign up in person at 5:45

p.m. before the public hearing. Persons needing interpreter services must notify the Clerk to the

Board no later than Friday, March 22, 2019.

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