COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Calendar Year 2006 Tax Levy Resolution

 

 

SUBJECT/PROPOSAL/REQUEST:

Request Board Approval of the Calendar Year 2006 Tax Rates

 

 

STAFF CONTACT(S):

Mr. Tucker, Mr. Davis, Mr. Breeden, Ms. White

 

 

LEGAL REVIEW:   Yes

 

 

AGENDA DATE:

April 12, 2006

 

ACTION:     X                         INFORMATION:   

 

CONSENT AGENDA:

  ACTION:                              INFORMATION:   

 

 

ATTACHMENTS:     Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

On April 5, 2006, a public hearing was held on the Board of Supervisors’ proposed budget for FY 06/07. A public hearing also was held on the 2006 calendar year tax rates.

 

The attached resolution to set the 2006 tax year or calendar year tax rates must be approved at the April 12, 2006 meeting in order that the printing and mailing of the tax bills can occur in a timely manner.

 

 

STRATEGIC PLAN:

4.2 Fund County services in a fair, efficient manner and provide needed public facilities and infrastructure.

 

 

DISCUSSION:

The attached resolution sets the tax levy for calendar year 2006. The proposed rates are set at $0.74/$100 assessed valuation for real estate, public service, and manufactured homes for the 2006 tax year, and at $4.28/$100 assessed value for the personal property tax rate, including machinery and tools.

 

 

RECOMMENDATIONS:

Staff recommends approval of the proposed tax rates.

 

 

ATTACHMENTS

A – Resolution

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