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Public hearing on tax hikes due March 23

by Larry Chowning

The Middlesex County Board of Supervisors agreed Friday, March 10, to advertise a proposed $24,557,343 county budget for 2017-18 (FY18), which includes a 3-cent real estate tax increase and a $1.65 personal property rate on most personal-use vehicles.

The board originally agreed to a $1.60 personal property rate on personal-use vehicles, but increased the rate to $1.65 on Friday.

Currently in Middlesex, vehicles for personal use are taxed on only 35% of their fair market value, at a rate of $3.50 per $100. The supervisors want to change this formula and tax vehicles at 100% of the value at a rate of $1.65 per $100, which will generate about $400,000 in additional revenue. The rate represents about a 33% increase.

Read the rest of this story in this week’s Southside Sentinel at newsstands throughout the county, or sign up here to receive a print and/or electronic pdf subscription.

posted 03.15.2017

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