County residents may see an increase in their residential taxes.
Officials are proposing a “real property tax” rate of $1.125 per $100 of assessed value for fiscal 2020.
The rate has remained steady during the past couple of years, Office of Management and Budget Director Dave Sinclair explained to attendees of a recent Policy Committee meeting.
However, the average residential tax bill is expected to increase by $137.
“It will increase, on average, because residential assessments have gone up, on average, 3.4 percent,” Sinclair said at the meeting, which the Prince William Chamber of Commerce hosted in Manassas on Wednesday. Some will be higher than 3.4 percent, some will be lower.”
If approved, the tax rate would support the County Executive Chris Martino’s proposed $1.2 billion spending plan, which was presented to the Board of County Supervisors (BOCS) last month.
Details about the proposed fiscal 2020 budget and the proposed fiscal 2020 budget summary can be found on the county’s website.
In addition to residential taxes, Sinclair also discussed the second part of a public safety retention and recruitment plan.
The proposal sets aside $10.5 million for the fiscal 2020 phase, during which fire and rescue personnel will switch to 56-hour shifts.
Officials are also recommending that the county allocate about $607.3 million to Prince William County Public Schools (PWCS) and $238,000 to help small businesses.
Sinclair covered the proposed five-year Capital Improvement Program (CIP) and Potential Bond Referendum, as well.
Public hearings on the proposed budget and tax rate are scheduled for April 9.
The BOCS intend to adopt the fiscal 2020 spending plan on April 30.