Letter: 15 percent tax hike is out of line
The Mathews County Board of Supervisors is considering 7 cents per $100 of assessments increase in the real estate rate, which calculates to a 14.89 percent increase. On the other hand, that is saying that a home with an assessed value of $200,000 increased $30,000 which would then have a total value of $230,000. The tax rate at the current rate of $.47 on the $200,000 value would be $940 and the taxes on the considered rate of $.54 would be $1,080; however, a home assessed at $230,000 using the current rate of $.47 would be $1,080, so from any way you view the tax rate, your property increased 15 percent.
I sure hope mine did, but without a shadow of a doubt it did not. If anything, the values of property around the $200,000-$300,000 range sell at a faster pace than homes around $750,000-$1,000,000; however, the county is implying that all property increased 15 percent. In addition, the higher the price, the longer it takes to sell and, therefore, in many cases, the price has to be reduced, sometimes by a large amount, to find a buyer.
I realize local governments, including schools, need funds in order to operate. However, many of the citizens of Mathews are retired and live on fixed incomes, especially since the rates on savings and CD accounts are below
1 percent. It appears the local government doesn’t care about you, the fixed income poor people.
As for grants, the Mathews County Administrator and the supervisors get grants and give the citizens the impression it is free. Many of the grants come from the state and other organizations; however, in most cases, they are matching funds which are supplied by our citizens. Yes it is nice to have things, but the funds from the state are Virginia tax dollars and the matching funds are county dollars. I know the federal government gives money to the states; however, that is our money also. Only funds received from organizations are really free money to the county.
In addition, on the other foot, they want to increase the personal property rates and charge you more to get a building permit and make inspections. Man, we have a housing boom.
1. Last year, Social Security gave a 1 percent increase and that went to Medicare.
2. The Virginia Retirement System gave a small increase and the county had to pay that back in the form of increased rates.
3. Savings and CD rates are nothing, less than 1 percent.
4. May have layoffs at the shipyard.
5. Unemployment is higher than stated by federal agencies.
Come on, guys, do what is right by the county citizens.