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Tax hike considered in Mathews

Mathews supervisors are considering an increase of 7 cents in the county’s real estate rate, as well as adding 5 cents to the personal property rate, following last Wednesday’s work session on the 2014-2015 budget.

A public hearing on the proposed budget, and another to set the tax rates for the coming year, will be held at 7 p.m. next Thursday, April 17, in the historic courthouse.

The proposed increases would boost the real estate levy from 47 cents to 54 cents per $100 of assessed value, and from $3.65 to $3.70 per $100 for personal property. All other tax rates would remain the same.

The proposed total county budget is $24,018,000, an approximately 1 percent increase over the current fiscal budget of $23,939,133, while the proposed county operational budget (which excludes schools and Social Services) is $8,752,841, representing nearly a 1 percent decrease from the current budget of $9,477,620.

The decrease in the operational budget is largely due to a decrease in t...

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