Stephens City Town Council approves budget for FY 2021
This year’s $1.78 million spending plan is about $52,075 less than the current budget for fiscal year 2020. This is because the town expects the COVID-19 pandemic to lower its tax revenues in the coming months.
Town council also voted to get rid of personal property taxes in Stephens City and further adjusted some of the town’s other tax rates. For example, the real estate tax rate increased by 4 cents, from 10.6 cents per each $100 of a property’s assessed value to 14.6 cents. Tax on cigarettes increased from 25 cents-per-pack to 45 cents. The meal tax has been raised from 5 percent to 6 percent and the lodging tax was bumped from 5 percent to 8 percent.
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