PUBLICATION AND NOTICE OF PROPOSED FY2011 BUDGET AND TAX RATES FOR LOUISA COUNTY
LOUISA COUNTY BOARD OF
SUPERVISORS
This publication and Notice is for informative and fiscal planning purposes only and is made in substantial conformity with the requirements of Va. Code Ann. § 15.2-2506. No money shall be paid out for any contemplated expenditure unless and until there has first been made an annual, semi-annual, quarterly or monthly appropriation for such contemplated expenditure by the Board of Supervisors.
The County of Louisa proposes not to change property tax levies. The proposed tax rate is the same as FY 2009. Individual tax due may increase or decrease because of an increase or decrease in assessed value.
1. Proposed FY 2011 Total Budget Increase: There is a 0.53% increase in the total Proposed FY 2011 Budget of Louisa County.
2. Proposed FY 2011 Capital and Operating: There is a 38.02% decrease in the proposed FY 2011 Capital Improvement (CIP) Budget and a 1.95% increase in the proposed FY 2011 Operating Budget (Operating). This operational increase is attributed to the addition of Moss-Nuckols Elementary School.
3. Property Assessment Decrease: Total assessed value of real property, excluding additional assessments from new construction or improvements to property, was less than last years total assessed value of real estate by an average of 3%.
4. Proposed Tax Rate Change: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.64 per $100 of assessed value. Louisa County proposes to adopt a tax rate of $0.62 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.00 per $100 or zero percent. This will be known as the "effective tax rate." All other tax levies proposed are set out in the chart and are unchanged from FY 2010.
A public hearing on the Proposed FY 2011 budget and real property tax rates will be held on Monday, April 5, 2010 at 7:00 p.m., in the Louisa County Public Meeting Room, Main Floor, Louisa County Office Building, Louisa, Virginia. The Board of Supervisors will accept written or oral public comments within such reasonable time limits as shall be determined by the Board.
TAX LEVIES
FY 2011 Rates are proposed as follows:
Per $100 Assessed Valuation
All Districts
| Real Estate | $0.62 | (No Change) |
| Public Service Corporation | $0.62 | (No Change) |
| Mobile Homes | $0.62 | (No Change) |
| Tangible Personal Property | $1.90 | (No Change) |
| Machinery and Tools | $1.90 | (No Change) |
| Merchant's Capital | $0.65 | (No Change) |
| Aircraft | $0.48 | (No Change) |
BY ORDER OF:
WILLIE L. GENTRY, JR.,
CHAIRMAN
LOUISA COUNTY BOARD OF
SUPERVISORS
COUNTY OF LOUISA, VIRGINIA
PROPOSED FY 2010-2011 BUDGET
The following synopsis of the Proposed FY 2010-11 Budget is prepared for fiscal and planning purposes only. A public hearing will be held on this proposal in the Louisa County Public Meeting Room, Main Floor, Louisa County Office Building, Louisa, Virginia on Monday, April 5, 2010 at 7:00 p.m.
| Current Tax Rates: |
| Per $100.00 Assessed Value |
| Real Estate (includes Mobile Homes) (§ 58.1-3200, Code of Virginia.1950 as amended)
| $0.62 |
| Tangible Personal Property (exclusive of household furnishings)
(§ 58.1-3500, Code of Virginia. 1950 as amended) | $1.90 |
| Machinery and Tools (§ 58.1-3507, Code of Virginia. 1950 as amended) | $1.90 |
| Merchant's Capital (§ 58.1-3509, Code of Virginia. 1950 as amended) | $0.65 |
| Aircraft (§ 58.3500, Code of Virginia. 1950 as amended) | $0.48 |
Proposed Tax Rates |
| Per $100.00 Assessed Value |
| Real Estate (includes Mobile Homes) (§ 58.1-3200, Code of Virginia.1950 as amended) | $0.62 |
| Tangible Personal Property (exclusive of household furnishings)
(§ 58.1-3500, Code of Virginia. 1950 as amended) | $1.90 |
| Machinery and Tools (§ 58.1-3507, Code of Virginia. 1950 as amended) | $1.90 |
| Merchant's Capital (§ 58.1-3509, Code of Virginia. 1950 as amended) | $0.65 |
| Aircraft (§ 58.3500, Code of Virginia. 1950 as amended) | $0.48 |
BY ORDER OF:
WILLIE L. GENTRY, JR.,
CHAIRMAN
LOUISA COUNTY BOARD OF
SUPERVISORS
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