~ Press release issued by Page County’s Communication and Marketing Coordinator Rebecca Armstrong
LURAY — County residents won’t see higher real estate or personal property tax rates for 2022 — and will likely see a decrease in the personal property rate for vehicles.
During a budget work session Tuesday night, the Page County Board of Supervisors unanimously agreed to advertise proposed tax rates that hold the line in 2022 — 73 cents per every $100 of assessed real estate value and $4.40 per every $100 of assessed personal property value, the same as the adopted 2021 rates. Once rates are advertised, Supervisors can adopt those rates or opt for lower rates, but cannot adopt higher rates.
Supervisors said Tuesday they plan to lower the personal property tax rate for vehicles, after Gov. Glenn Youngkin (R) on Monday signed a bill to reclassify certain vehicles and personal property tax rates. The bill (House Bill 1239), sponsored by Del. Phillip Scott (R-Spotsylvania), allows local governments to drive down car tax rates and halt hikes spurred by increases in used vehicle values.
“With prices soaring on the necessities that families and individuals use every day, Virginians are in dire need of relief to their wallets,” Youngkin said in a Monday news release. “Many Virginians are struggling due to rising prices, now it is up to local leaders across Virginia to step up and fight inflation with real tax relief.”
Prior to the bill’s passage, car tax rates could not be lower than the general rate of personal property, which “created a roadblock to cutting car taxes,” according to the March 28 news release.
Supervisors said Tuesday they plan to lower the personal property rate for vehicles, but noted that Virginia legislators continue to work to pass a two-year spending plan. The County’s proposed fiscal 2023 budget is based on projected State numbers. Page County Supervisors said the final numbers from the State will help them determine a car tax rate — likely one that is lower than the general personal property tax rate that is advertised.
Since the advertised proposed tax rates in Page County do not reflect increases, the County is not required to hold a tax levy public hearing. Supervisors will hear public comments on the proposed County and Page County Public Schools fiscal year 2023 budgets at 7 p.m. Monday, April 18, in the Board of Supervisor’s Room at the Government Center on South Court Street in Luray.
Other proposed 2022 tax rates reflect no increases — $1.50 for machinery and tools and motor carriers per every $100 per assessed value; 73 cents for mobile homes per every $100 of assessed value; and 50 cents for aircraft per every $100 of assessed value.
Citing financial hardships many residents faced amid the pandemic, Supervisors during last year’s budget cycle adopted 2021 tax rates that reflected no increases over 2020. Supervisors voted to lower three of five 2020 tax rates while holding the line on the real estate rate.
Supervisors last adopted an increased real estate tax rate in 2019, when the rate increased by 3 cents. Before that, the rate was raised by 4 cents in 2018, from 66 cents per every $100 of assessed value to 70 cents.
Residents in 2019 saw the personal property tax rate decrease by 19 cents — from $4.59 per every $100 of assessed value to its current rate of $4.40. Supervisors had last adjusted the rate two years earlier, when in 2017 the rate decreased by 5 cents, from $4.64 per every $100 of assessed value to $4.59.
For more information about the proposed fiscal 2023 budget, advertised tax rates, budget hearings and upcoming meetings, visit PageCounty.Virginia.gov.