Meeting/Event Details

Public Hearing on Reassessment Effective Tax Rate

Start Date: April 20, 2020 at 7:00 p.m.


The County of Botetourt proposes to increase property tax levies.

  1. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last year’s total assessed value of real property by 9.3 percent.
  2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.72 per $100 of assessed value. This rate will be known as the “lowered tax rate.”
  3. Effective Rate Increase: The County of Botetourt proposes to adopt a tax rate of $0.79 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.07 per $100, or 9.72 percent. This difference will be known as the “effective tax rate increase.”

Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.

  1. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total budget of Botetourt County will exceed last year’s by 6.9 percent.

The current tax rate is $0.79 per $100 of assessed value.

A public hearing on the increase will be held on Monday, April 20, 2020, 7:00 p.m. at the Greenfield Education and Training Center, 57 S. Center Drive, Daleville, VA 24083.

Social distancing measures will be in place. Anyone wishing to comment is encouraged to do so through the following online form.