In what looks like good news for home owners in Chesterfield County, Dr. Joseph Casey, Chesterfield County Administrator, indicated that the 2017 proposed budget, while staying consistent with the last couple of years, could lead to a reduced real estate tax rate within the coming years.
Currently the rate stands at $.96 per $100 of assessed value of a residence. The real tax rate could drop slightly by $.01 to $.95 according to Dr. Casey.
“If we can position the county at some later year we would like to return to a pre-recession rate,” Casey said.
Casey wrote in an address prepared for the Chesterfield County Board of Supervisors that the reduction in the tax rate would be a recognition and thank you to the community for understanding the increase in taxes in 2014 when the stress on the county budget was needed in the latter years of the recession.