Albemarle Board adopts $586.3 million budget
Stalemate continues on synthetic turf fields
The Albemarle Board of Supervisors took eight actions yesterday to complete the process of development and adopting a budget for FY23. They began with the tax rates. (view the presentation)
“We have the real estate, mobile homes and public service tax rate of 85.4 cents (per $100 of assessed value) that is the calendar year 2022 rate,” said Andy Bowman, chief of the Office of Management and Budget in Albemarle. “For personal property rate, which also applies to machinery and tool taxes, the current rate is currently $4.28 cents per $100 and it is proposed to be reduced to $3.22 per $100 of assessed value.”
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