Front Royal Proposes Real Estate Tax Increase
22 February 2018 News
Front Royal is proposing to raise its real estate tax from 13.5 cents per $100 of assessed value to 14.5 cents.
According to Town Finance Director B.J. Wilson, the increase would generate about one $110,000. By contrast, without the penny increase, the town would be at a deficit of about $80,000.
One of the reasons for the rate hike is a new police station, which cost $10.21 million dollars. Councilman Eugene Tewalt was the only council member to vote against the proposal. Now that it has been approved, he proposes that taxes be raised slowly over time instead of all at once.
Town Councilman John Connolly, however, said he would have a “tough time” voting for an increase when the town is “sitting on $1.5 million dollars in the general fund above the three-month reserve.”
Josh Henry 14.5 cent tax front royal, Councilman Eugene Tewalt real estate tax, Councilman Eugene Tewalt front royal, Councilman Eugene Tewalt taxes raised slowly, Councilman Eugene Tewalt vote against real estate tax, Town Councilman John Connolly real estate tax, Town Councilman John Connolly against increase, Town Councilman John Connolly front royal, Town Finance Director B.J. Wilson, Town Finance Director B.J. Wilson real estate tax, Town Finance Director B.J. Wilson front royal, Town Finance Director B.J. Wilson tax increase, Town Finance Director B.J. Wilson front royal budget, 13.5 cent tax front royal