Correspondent
The Board of Supervisors met on Wednesday night (April 14) for public hearings on the FY21 budget and the tax rates.
PUBLIC HEARINGS
“This year was a pretty amazing year for reassessments,” said management analyst Liz McIver. Real estate assessments rose 6.87 percent.
The real estate tax rate in the adopted FY21 budget was $0.925 per $100 in assessed value. For FY22, the proposed rate was $0.92 and supervisors have advertised a rate of $0.884. McIver calculated the equalized tax rate at $0.865.
Under state law, the county was required to hold a public hearing because the reassessment resulted in an increase of one percent or greater in the total property tax levied.
Correspondent
The Fluvanna Board of Supervisors signaled its support for a new medical cannabis production facility at their regular meeting on Wednesday (Dec. 2), approving a letter of support for YAE Wellness by a vote of 4-0-1, with Supervisor Tony O’Brien absent for the evening.
YAE (pronounced ‘yay’) is hoping to purchase 15 acres of county-owned property behind the Fluvanna Community Center and the Fork Union Volunteer Fire Department in Fork Union for the construction of a 100,000 square foot facility. In their letter of intent, YAE committed to prioritizing local and regional construction companies, as well as a primarily local workforce when the facility is complete. Total capital investment in the project would be between $15-20 million.