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NOTICE OF PROPOSED TAX INCREASE The County of Rappahannock, Virginia 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 1688 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 $0.31 per $100 of assessed value. This rate will be known as the “lowered tax rate." 3. Effective Rate Increase: The County of Rappahannock, Virginia proposes to adopt a tax rate of $0.33 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.2 per $100 or 6.45 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. A public hearing on the increase will be held on June 7, 1982, at 10:00 AM. at the Rappahannock County Court House, All hearings shall be open to the public. The governing body shall permit persons desiring to be heard an opportunity to present oral testimony within such reasonable time limits as shall be determined by the governing body. Board of Supervisors Rappahannock County By: Diane Bruce, Clerk
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