Did You Know The Albemarle County Board Of Supervisors Decided On A Four Cent Real Estate Tax Rate Increase?

Portrait of the Albemarle County Board of Supervisors.

Did you know the Albemarle County Board Of Supervisors decided on a four cent real estate tax rate increase?

Every cent on Albemarle’s real estate tax rate is worth $2,889,947 in fiscal year 2025, which means the County will generate $11,559,788 in additional tax dollars from rooftops.

That’s a significant tax increase on Albemarle County home owners.

Albemarle’s total proposed budget is $642,386,163 for fiscal year 2026. (Yes, that number is correct.)

Do you think Supervisors are aware of the following:

1. Real estate assessments are at an all-time high.
2. Grocery costs are at an all-time high.
3. Credit card debt is at an all-time high.
4. UVA has frozen 3% cost of living raises.
5. UVA has frozen performance-based bonuses.
6. UVA has frozen new hiring.
7. UVA has frozen discretionary spending.
8. The federal government is facing cuts.
9. The defense sector is facing cuts.
10. Inflation is crushing small businesses.
11. Trump’s tariffs are crushing small businesses.
12. Technology is evaporating job opportunity.

The 12 items listed above are called headwinds, or financial challenges families face every day.

Is Albemarle County aware of these headwinds?

Is Albemarle County out of touch?

Is Albemarle County intentionally gentrifying regular folks out and replacing them with the 1%?

Lastly, help me understand something, please. How does increasing taxes on our homes create affordable housing for Albemarle County?

Make it make sense.

Graph and chart of Albemarle County total county expenditures.