Front Royal Narrowly Approves Real Estate Tax Hike
Front Royal’s Town Council has voted to raise the real estate tax rate.
The motion was made by Councilman Eugene Tewalt, and raises the rate from 13.5 cents per $100 of assessed value to 15 cents. Money from this increase will go towards funding the construction of the Front Royal Police headquarters. While council had previously believed the $10 million project would be funded through the New Market Tax Credit program, a resolution passed by the council states that it had been misled by the EDA into believing that the program’s interest-free loan had been secured.
Tewalt’s motion also stipulated that money for the West Main Street extension project, which would have built a road leading to the now defunct ITFederal site, will go towards the headquarters as well. The tax increase passed narrowly in a 4-3 vote Monday (3/25/2019), but a sunset clause means it will be negated once the police headquarters is funded.
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