Tag: 2024-25 city budget
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Council increases property tax to help pay new high school’s staff, but some residents feel stung by their rising bill
Edward Garrison bought his home in Harrisonburg in 1997 for $180,000, and like many city residents, watched the property value steadily increase over the next two decades. By 2021, his home’s value increased by about $108,000 since the day he bought it, he said. Then, with home prices sharply spiking amid high demand, it took just two more years for the house’s value to jump by another $108,000.
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City leaders mull 8-cent property tax increase to pay for new school’s opening, other services
The City Council is considering a proposed increase in the real estate tax next year, which would be the largest single increase in recent years and would take that tax rate to $1.04 for every $100 of assessed value on property.
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