Personal property taxes could be eliminated in Stephens City
The Stephens City Town Council will hold a public hearing regarding the elimination of personal property taxes for residents if utility and electric consumption taxes are increased. Mayor Mike Diaz cited reasons for the proposed tax overhaul include the disproportionate effect these taxes have on some, such as people with multiple vehicles. He also cited that Stephens City residents have to pay personal property taxes to Frederick County as well.
If this tax was eliminated, consumption tax rates would be increased. Under the proposal being considered, the utility consumption tax rate on natural gas would increase from $0.03/per centum cubic feet (CCF) with a base of 50 cents to $0.05/CCF with a base of $1. The consumption tax rate on electricity would increase from $0.0033/per kilowatt hour (KWH) with a base of 50 cents to $0.03 per KWH with a base of $1.
The public hearing on the matter will be at 6 p.m. on April 7 in the town office at 1033 Locust St. A second public hearing will be scheduled at a later date.
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