Fri05272016

Last updateWed, 25 May 2016 2pm

CB foundation adds board members

The Colonial Beach Foundation, a not-for-profit community corporation, with IRS 501(c)(3) designatio...

Col. Beach getting ready for pageant season

POTOMAC RIVER FESTIVAL AND
CB FIRE DEPT. CONTEST These contests will be held on Sunday, June 5th at ...

Elementary nears completion

Elementary nears completion

Construction firm says it’s ready for permit
Megan O'Connell from Skanska construction company ...

Colonial Beach Chamber recognizes outstanding service

Colonial Beach Chamber recognizes outstanding service

The Colonial Beach Chamber of Commerce recently held its 2015 awards dinner at High Tides on the Pot...

Planning commission passes ES plan with recommendations

Planning commission passes ES plan with recommendations

Colonial Beach Mayor Mike Ham asked the town Planning Commission not to try to redesign the new elem...

Md voters will decide fate of Riverboat in referendum in fall

Colonial Beach Mayor Mike Ham announced at the close of the March 24 council meeting that he testifi...

 

 20160323cctower

 

Office-for-rent Jrnl Bldg 20130925

Beach real estate tax rate reduced

Colonial Beach property owners will not see an increase in real estate taxes this year.  Ordinance #592 was passed by a unanimous vote of town council on Nov. 11 at a special meeting that began at 7 p.m. and adjourned at 7:04 p.m. with one public comment. All town council members were in attendance with the exception of Sparky Ridgely who was out of town.  According to council member Steve Kennedy “The reason for doing this is to keep the tax at the same level as last year.” 


The ordinance provides for a $.02 cent decrease on the current $.60 per $100 assessed value tax rate, and brings the tax rate down to $.58 per $100 and is retroactive to July 2010.  By passing Ordinance #592 and reducing the real estate tax rate, the town of Colonial Beach avoids a defacto increase in real estate tax revenues due to higher property assessments arising from a 2009 reassessment of real property in Westmoreland County.  Taxing the higher assessed values of real property would have resulted in an approximate 2 percent increase in tax revenue to the town, which is above the legal threshold a locality can collect without holding a public hearing, according to VA Code Section 58.1-3321. 
The town was made aware of the increase in assessed values that were potentially over the 1 percent legal threshold in late March 2010.  Newly elected council member Gary Seeber advised the council at its August, September and October meetings that a tax rate reduction was in order to comply with state law. Before a locality can increase any tax or levy upon citizens, the governing body is required to hold a public hearing and provide for citizen comment. 

Kathy Flanagan

 

 

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