RECENT COMMENTS
City Council considers real estate tax rate at Monday’s meeting
After a public hearing during Monday night’s meeting (PDF), City Council will vote on a variety of ordinances concerning the real estate tax rate.
Ord. No. 2010-49 (PDF) (Patrons: Mr. Tyler and Mr. Samuels) – To amend City Code *** to reduce the real estate tax rate from $1.20 *** to $1.19 *** for the tax year beginning January 1, 2010.
Ord. No. 2010-50 (PDF) (Patrons: President Graziano, Mr. Jewell and Mr. Samuels) – To amend City Code *** to increase the real estate tax rate from $1.20 *** to $1.21 *** for the tax year beginning January 1, 2010.
Ord. No. 2010-51 (PDF) (Patrons: President Graziano and Mr. Jewell) – To amend City Code *** to increase the real estate tax rate from $1.20 *** to $1.22 *** for the tax year beginning January 1, 2010.
Ord. No. 2010-52 (PDF) (Patron: Vice-President Robertson) – To amend City Code *** to increase the real estate tax rate from $1.20 *** to $1.21 *** for the tax year beginning January 1, 2010 for the purpose of providing additional dedicated funding in an amount equal to the revenue generated such increase for purposes related to public education.
Ord. No. 2010-53 (PDF) (Patron: Vice-President Robertson) – To amend City Code *** to increase the real estate tax rate from $1.20 *** to $1.22 *** for the tax year beginning January 1, 2010 for the purpose of providing additional dedicated funding in an amount equal to the revenue generated such increase for purposes related to public education.
Ord. No. 2010-54 (PDF) (Patron: Vice-President Robertson) – To amend City Code *** to increase the real estate tax rate from $1.20 *** to $1.23 *** for the tax year beginning January 1, 2010 for the purpose of providing additional dedicated funding in an amount equal to the revenue generated such increase for purposes related to public education.
Ord. No. 2010-62 (PDF) (Patrons: President Graziano, Mr. Jewell and Mr. Samuels) – To readopt *** real estate tax rate of $1.20 for the tax year beginning Jan. 1, 2009 and for each year thereafter.
TAGGED: city council
What a hoot! Let’s see …
SAMUELS and TYLER wants to REDUCE the real estate taxes…but, hold on …SAMUELS wants to INCREASE the taxes …and, wait …. SAMUELS wants to keep it the same. Call him the BIG INDECIDER ….
GRAZIANO and JEWELL wants to increase it penny, maybe two pennies even …..or, oh hell, maybe they’ll just leave it the same with SAMUELS …..Call them INDECIDER 2 & INDECIDER 3 …
ROBERTSON gets points for having the stones to say she wants to increase taxes a penny, maybe TWO and maybe even THREE (!) pennies, but unlike her colleagues, ROBERTSON includes A LOT of WORDS to say she wants the penny, or two, or three …. increase dedicated to PUBLIC EDUCATION.
It will be interesting to see which way their colleagues “decide” tomorrow evening ….The fact that Robertson has no co-patrons on her ordinances doesn’t bode well for the schools. Wonder why that is?
Perhaps those who care about the fate of RPS need to contact their City Council members and ask a few questions. Twist an arm or two.
……on second thought, maybe Robertson has had trouble getting co-patrons on her 1, 2, 3 penny (do I hear 4?) proposals because she says the money will be spent “…for purposes related to public education.”
“…for PURPOSES RELATED to public education”?! WTF?
If she can’t dedicate these monies to public education, I can certainly see why someone would have issue with voting “…for PURPOSES RELATED to public education.”
John,
I made a faulty assumption — I thought you would remember that my e-mail address is “Wolfies@aol.com.”
Hope all is well with you. Thought you might find this WaPo article
interesting. ~ Carol Wolf
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/10/AR2010041002815.html
Some assistive information regarding the our citizen process for deciding on a tax rate:
The Richmond City Council Public Hearing for desciding the 2010 Richmond Real Estate Tax Rate will be held during the regularly-scheduled Richmond City Council Formal Meeting tonight.
Each year a number of possible Richmond Real Estate Tax Rate options are typically introduced in anticipation of adopting a new Richmond Government Budget (Fiscal Plan) for the upcoming Fiscal Year. As a real estate tax rate must be set by April 15 annually, and sufficient time must be given between introduction and adoption to allow for review and public comment, a number of rates are introduced at the same time to allow for flexibility in adopting a new rate.
On Monday, March 8, 2009, four proposed options for a 2010 Richmond Real Estate Tax Rate were introduced during the scheduled Richmond City Council Formal Meeting. The proposed options include $1.23, $1.22, $1.21 and $1.19. The current Richmond Real Estate Tax rate is $1.20, which would remain the same if no new rate is adopted.
The Richmond Real Estate Tax is the largest single funding source we use to pay for local government services and considerations regarding the rate include a $30 million shortfall in local revenue, which includes expected decreases from state and federal funding sources. Each one cent in real estate tax equates to an estimated $1.9 million in revenue.
WHEN
Monday, 12 April 2010
6:00-8:30 p.m.
WHERE
Richmond City Council Chambers, Richmond City Hall, 2nd floor;
900 E. Broad Street
BACKGROUND ON RICHMOND REAL ESTATE TAX ASSESSMENTS
As Richmond Citizens, we pool our resources to own and operate our government and decide what public services we want to invest in; the priority (investment levels) for these services; and, how we pay for them. Examples of our services include the management, oversight and delivery of such things as clean/safe water; streets/parks; firefighting/ rescue; trash/sewage removal; laws, police/courts; public transportation; and, our children’s education. Together, we own, operate, use and benefit from these services every day.
We as citizens have determined that a fair way to help pay for these services is for real estate owners to annually contribute funds, based on a percentage of the value of the real estate they own in the city. This process includes that each year, the fair market value of real estate in the city is assessed and the value is set Jan. 1 and an annual Richmond Real Estate Tax Rate is set by Richmond City Council by April 15. This rate is the percentage, based on $100 of value, which a real estate owner will contribute to help pay for government services in the city.
Our real estate tax is the largest single funding source we use to pay for our public services and is used statewide to pay for local services. There are approximately 73,000 real estate properties in Richmond and to help ensure fairness, Virginia State Law requires that Richmond perform annual real estate assessments to determine fair market value.
Real estate owners pay their share annually, based on the value of their real estate and the tax rate by June 15. For example, if a person owns $100,000 in real estate and the tax rate is $1.20 per $100, their share is $1,200 for that year.
Richmond City Council keeps Richmond Real Estate Tax Rates same; $1.20
Maintains lowest rate in more than 20 years
(Richmond, Virginia) – Tonight, Richmond City Council has acted to keep the 2010 Richmond Real Estate Tax Rate the same as last year, at $1.20 per $100 in assessed real estate value. By a vote to 8-1, Richmond City Council, during its regularly scheduled Formal meeting, passed Richmond City Council Ordinance 2010-62 to readopt last year’s Richmond Real Estate Tax Rate.
The Richmond Real Estate Tax is the main funding source Richmond citizens use to pay for local government services. Each one cent in real estate tax equates to an estimated $1.9 million in city revenue. Historic Richmond Real Estate Tax Rates, include:
Richmond Real Estate Tax Rates (Per $100 in Assessed property value)
Year Rate
2010 $1.20
2009 $1.20
2008 $1.20
2007 $1.23
2006 $1.29
2005 $1.33
2004/2003 $1.37955
2002 $1.38975
2001 $1.41
2000-1997 $1.43
1996-1994 $1.445
1993-1992 $1.45
1991-1990 $1.46
1989-1987 $1.53
In this action, Council chose to not adopt any of the possible options for changing the Richmond Real Estate Tax Rate, which included $1.23, $1.22, $1.21 and $1.19.
Each year a number of possible Richmond Real Estate Tax Rate options are typically introduced as proposed Ordinances in anticipation of adopting a new Richmond Government Budget (Fiscal Plan) for the upcoming Fiscal Year. As a real estate tax rate must be set by April 15 annually, and sufficient time must be given between introduction and adoption to allow for review and public comment, a number of rates are introduced at the same time to allow for flexibility in adopting a new rate.
CONTACT For more information, please contact President Kathy Graziano, Richmond City Council, Southwest 4th District, 804.320.2454 or kathy.graziano@richmondgov.com
BACKGROUND ON RICHMOND REAL ESTATE TAX ASSESSMENTS
As Richmond Citizens, we pool our resources to own and operate our government and decide what public services we want to invest in; the priority (investment levels) for these services; and, how we pay for them. Examples of our services include the management, oversight and delivery of such things as clean/safe water; streets/parks; firefighting/ rescue; trash/sewage removal; laws, police/courts; public transportation; and, our children’s education. Together, we own, operate, use and benefit from these services every day.
We as citizens have determined that a fair way to help pay for these services is for real estate owners to annually contribute funds, based on a percentage of the value of the real estate they own in the city. This process includes that each year, the fair market value of real estate in the city is assessed and the value is set Jan. 1 and an annual Richmond Real Estate Tax Rate is set by Richmond City Council by April 15. This rate is the percentage, based on $100 of value, which a real estate owner will contribute to help pay for government services in the city.
Our real estate tax is the largest single funding source we use to pay for our public services and is used statewide to pay for local services. There are approximately 73,000 real estate properties in Richmond and to help ensure fairness, Virginia State Law requires that Richmond perform annual real estate assessments to determine fair market value.
Real estate owners pay their share annually, based on the value of their real estate and the tax rate by June 15. For example, if a person owns $100,000 in real estate and the tax rate is $1.20 per $100, their share is $1,200 for that year.