Calendar Year 2025 Personal Property Tax Rates. To receive public comment on a proposed increase in the tax rate from $3.96 per $100 of assessed value to $4.28 per $100 of assessed value, on all classes of property subject to taxation by the County pursuant to Chapter 15, Article 8 of the County Code, including tangible personal property; tangible personal property employed in a trade or business that is not otherwise classified as machinery and tools; merchants’ capital; short-term rental property, with an original cost of less than $500; and machinery and tools, as enabled by Title 58.1, Chapter 35 of the Code of Virginia (1950), as amended, to be effective on and after January 1, 2025.

Committee

Board of Supervisors

Requested by

Finance & Budget

Introduced

April 16, 2025

On agenda

April 30, 2025

Where it was heard

Board of Supervisors Apr 30, 2025

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