City of Harrisonburg - File #: ID 20-140

• File #: ID 20-140
• Version: 1
• Name: Real Estate Tax Rate PH
• Type: PH-Action Item
• Status: Consent Agenda/Second Reading
• File created: 5/17/2020
• In control: City Council
• On agenda: 6/9/2020
• Final action: 6/9/2020
• Title: Public hearing regarding the real estate tax rate for Fiscal Year 2020-2021 to be set at $0.86 per $100 of assessed value

Date	Ver.	Action By	Action	Result
6/9/2020	1	City Council	approved on second reading
5/26/2020	1	City Council	approved on first reading	Pass

Subject:

Title

Public hearing regarding the real estate tax rate for Fiscal Year 2020-2021 to be set at $0.86 per $100 of assessed value

Body

Presented By:  City Staff

Recommendation and Review

The January 1, 2020 general reassessment of real property resulted in an increase of 2.5 percent in real property assessments. Pursuant to Section 58.1-3321 of the Code of Virginia, a public hearing must be held when a general reassessment of real property results in an increase of one percent or more in the total real property tax levy. The real estate tax rate is proposed to remain at $0.86 per $100 of assessed value.