Advertisement
  • National News
  • State News
  • Contact Us
  • Submit Content
  • Subscribe
Subscribe For $2.50/month
Print Editions
Salem Times Register
  • News Categories
    • Local Stories
    • School
    • Church
    • Sports
    • State News
    • National News
    • Courthouse
      • Deeds
  • Obituaries
  • Opinion
  • Legals
  • Spiritual
    • Parabola
    • Transcendental Meditation
    • The Episcopal Diocese of Virginia
    • Southern Baptist
  • eEdition
  • Classifieds
  • Contact Us
  • My Account
  • Login
  • faq
No Result
View All Result
Salem Times Register
No Result
View All Result
Salem Times Register
No Result
View All Result

Roanoke County Board of Supervisors announces historic tax reductions  

Mountain Media, LLC by Mountain Media, LLC
April 18, 2023
in Local Stories
0
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter

Aila Boyd

aboyd@mainstreetnewspapers.com

ROANOKE COUNTY—The Roanoke County Board of Supervisors approved historic tax reductions for Roanoke County citizens last week, as well as increased personal property tax relief. 

“Our Board remains committed to putting money back in the hands of our hard-working citizens,” Roanoke County Board of Supervisors Chair Martha Hooker said. “I’m proud that we are able to provide tax relief to our citizens for a second year in a row, and lowered the tax rates for this year. Our citizens deserve this.”  

Notably, the board moved to lower the tax rates for 2023. The real estate tax rate will see a three-cent reduction and is set at $1.06 per one hundred dollars of assessed value. The personal property tax will see a ten-cent reduction and is set at a rate of $3.40 per one hundred dollars of assessed value. The machinery and tools tax will see a five-cent reduction and is set at a rate of $2.80 per one hundred dollars of assessed value.  

In announcing the change, the county noted this is the first change in the personal property tax rate since 1982. It is also the first change in the real estate tax rate since 2007. 

The board also approved establishing the percentage reduction for personal property tax relief at 56.10%. The tax relief will eliminate personal property taxation for qualifying personal use vehicles valued at $1,000 or less. Qualifying personal use vehicles valued from $1,001 to $20,000 will be eligible for 56.10% tax relief. Qualifying personal use vehicles valued at $20,001 or more shall only receive 56.10% tax relief on the first $20,000 of value. 

Based on January 1, 2023 vehicle values, the Personal Property Tax Relief Act percentage for Roanoke County calculates to 44.98%. In order to offer additional tax relief, the board chose to provide a one-time allocation of approximately $3 million which increases the personal property tax relief percentage to 56.10%. The county said that the action is similar to the approach taken by the board for the 2022 calendar year. 

Sign up to our newsletter

Enter your email address to receive weekly emails.

You will receive a confirmation email for your subscription. Please check your inbox and spam folder to complete the confirmation process.
Some fields are missing or incorrect!
Lists
Previous Post

Salem Museum: Toll Tickets booklet

Next Post

Apartment fire causes $30K in damage

Next Post

Apartment fire causes $30K in damage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • National News
  • State News
  • Contact Us
  • Submit Content
  • Subscribe
Questions? Call us at 304-647-5724

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
No Result
View All Result
  • News Categories
    • Local Stories
    • School
    • Church
    • Sports
    • State News
    • National News
    • Courthouse
      • Deeds
  • Obituaries
  • Opinion
  • Legals
  • Spiritual
    • Parabola
    • Transcendental Meditation
    • The Episcopal Diocese of Virginia
    • Southern Baptist
  • eEdition
  • Classifieds
  • Contact Us
  • My Account
  • Login
  • faq