The Albemarle County Board of Supervisors has finalized the tax rates for advertising for Calendar Year 2022. The tax rates for advertising serve as a maximum rate for the Board to consider as part of the Fiscal Year 2023 budget process.
The rates for advertising are as follows:
- Real Property: $0.854 per $100 assessed value (unchanged from Calendar Year 2021)
- Personal Property, Business Personal Property, and Machinery & Tools: $3.42 per $100 of valuation (-$0.86 from Calendar Year 2021)
The FY 23 Proposed Budget proposes several other revenue changes. At the March 23 Board of Supervisors Work Session, the Board will consider scheduling a public hearing for April 20 to receive public comment and consider the following:
- Food & Beverage: 6 percent of purchase price (+2 percent effective July 1, 2022)
- Transient Occupancy: 8 percent of purchase price (+3 percent percent effective July 1, 2022)
- Plastic Bag: $0.05 per disposable plastic bag (new for Jan. 1, 2023)
The Board of Supervisors will hold a public hearing on the Fiscal Year 2023 Budget and the Calendar Year 2022 Tax Rates on Wednesday, April 27 at 6 p.m .and is scheduled to take final actions on Wednesday, May 4 as part of their regular business meeting.
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