Albemarle County is seeking to raise real estate taxes and the City may be looking to do the same next year.

The Albemarle Board of Supervisors voted Tuesday to advertise a real estate tax rate of 82.4 cents per $100 of assessed property value, a 2.5-cent increase over the county’s current rate and a cent and a half higher than the rate that had been recommended by the county executive.
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Because Albemarle property values have risen, the county also must advertise an equalized tax rate — the rate that would bring in the same amount of revenue as the current fiscal year. That amount is 75.6 cents per $100 of assessed value.

This part is critical:

The board also is considering how to fund infrastructure investments going forward. Revenue possibilities include a bond referendum, special tax districts and real estate tax increases.
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However, other supervisors said they think the county needs to continue to increase investment in infrastructure and services to keep up with a growing population.

Find 20 minutes to watch John Oliver examine America’s failing infrastructure.

Pay attention folks.

From this week’s Charlottesville City Council meeting:

Szakos said she wants board to consider real estate tax increase as soon as discussion for next budget cycle begins

— Chris Suarez (@Suarez_CM) March 3, 2015