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Tuesday, April 21, 2009

Chesterfield BOS adopts budget, doesn't raise realestate tax rate

Opting to keep the county's real estate tax rate at 95 cents per $100 of assessed value, the Chesterfield County Board of Supervisors yesterday unanimously adopted a $1.23 billion operating budget for fiscal 2010....The tax rate will mean a slight decrease in real estate taxes -- $2,131 for the average homeowner based on this year's assessments, which determined the average home value to be $224,286....But the budget represents the first decline in years for the county and the largest revenue loss on record with a more than $53 million shortfall (about 4 percent) from the current year.

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