Winchester Moves Toward Higher Real Estate Tax
Winchester City Council is moving forward on a real estate tax increase for the city.
The current tax rate is 91 cents per $100 of assessed value, but a recent reassessment that raised property values means that a 90 cent tax would keep city revenue neutral. City Council’s Democratic majority pushed for a 93-cent tax rate during Tuesday’s (4/9/2019) work session, which would increase annual taxes by $141 for the average Winchester homeowner. The tax increase would help the city meet the School Board’s budget request, which came in at $31.2 million. Even with it, however, the city would still come nearly $500,000 short. City Manager Eden Freeman was directed Tuesday to bring a fiscal year 2020 budget proposal based on the 93-cent rate to council’s April 23, 2019 work session.
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