Board of Supervisors Budget Public Hearing (CY 25 Tax Rate)   4/30/2025

1. Call to Order.

Public Hearings:

2. Calendar Year 2025 Real Property Tax Rates. To receive comments public comment on the proposed real property tax rates for Calendar Year 2025. a. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last calendar year's total assessed value of real property by 5.1 percent. b. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last calendar year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.813 per $100 of assessed value. This rate will be known as the "lowered tax rate." c. The County of Albemarle proposes to adopt a tax rate of $0.894 per $100 of assessed value for calendar year 2025. The difference between the lowered tax rate and the proposed tax rate would be $0.081 per $100, or 9.96 percent. This difference will be known as the "effective tax rate increase.". d. Proposed Total Budget Increase: Based on the proposed real property tax

• Proposed Resolution
• Presentation

3. Calendar Year 2025 Personal Property Tax Rates. To receive public comment on a proposed increase in the tax rate from $3.96 per $100 of assessed value to $4.28 per $100 of assessed value, on all classes of property subject to taxation by the County pursuant to Chapter 15, Article 8 of the County Code, including tangible personal property; tangible personal property employed in a trade or business that is not otherwise classified as machinery and tools; merchants’ capital; short-term rental property, with an original cost of less than $500; and machinery and tools, as enabled by Title 58.1, Chapter 35 of the Code of Virginia (1950), as amended, to be effective on and after January 1, 2025.

• Proposed Resolution

4. From the Board: Committee Reports and Matters Not Listed on the Agenda.

5. From the County Executive: Report on Matters Not Listed on the Agenda.

6. Adjourn to May 7, 2025, 1:00 p.m., Lane Auditorium.

Thank you for attending today's public hearing. During the 2025 Calendar Year, the Chair is Jim Andrews and the Vice-Chair is Diantha H. McKeel.

Opportunities for the public to access and participate in this meeting are posted on the Albemarle County website on the Board of Supervisors home page and on the Albemarle County calendar. Participation will include the opportunity to comment on those matters for which comments from the public will be received. During the time set aside for "Public Comment on: Matters Previously Considered or Currently Pending Before the Board (Other than Scheduled Public Hearings)", individuals are allowed three minutes to speak. Up to 10 persons may speak during each “From the Public” session. The 10 speakers are determined on a first-come, first-served basis. Each speaker may speak at only one “Matters from the Public” session at each meeting. The sign-up period closes when “Matters from the Public” begins. Electronic presentation materials may be displayed by a member of the public provided it is emailed to the Clerk at least 48 hours in advance of the Board meeting. During Public Hearings, the Board will only acknowledge speakers addressing the item listed for Public Hearing. Speaker

Time keeping is conducted through a timer and a light system at the podium. The green light will go on when you begin speaking and this begins your allotted time; a yellow light indicates you have one minute to finish your comment; a red light indicates your time has expired. In order to give all speakers equal treatment and courtesy, the Board requests that speakers adhere to the following guidelines: • When called to the speaker's podium, state your name and magisterial district • Address comments directly to the Board as a whole • Give written statements and other supporting material to the Clerk • If you represent a group or organization, you may ask others present to raise their hands and be recognized • If you exceed your allotted time, you will be asked to end your comments • If a speaker does not use all allocated time, the unused time may not be shared with another speaker • Speakers are permitted one opportunity to comment during each of the public comment periods per meeting • Back-and-forth debate is

All comments are live streamed, recorded and published on the Albemarle County website. Please turn all devise notifications to vibrate.

Clerk, Board of County Supervisors 401 McIntire Road Charlottesville, Virginia 22902-4596

Proclamation Recognizing Our Community Salutes.