CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – After seeing real estate assessments rise an average of nearly 6.2%, Albemarle County residents await the new budget County Executive Jeff Richardson will present to the Board of Supervisors on Wednesday at noon.
The County is currently operating under a $644-million budget, adjusted from an earlier $638-million figure, which was fully funded by a 4-cent rise in the real estate tax rate stacked on top of a 5.1% average residential assessment increase.
That was the first real estate tax rate hike since 2019…