County residents and businesses may be facing some tax increases.
Raising the business computer and peripherals tax rate and creating a cigarette tax were included in a proposed fiscal 2022 budget.
Prince William County Executive Christopher Martino shared the $1.35 billion proposal with the Board of County Supervisors (BOCS) on Tuesday, according to a release from Prince William County.
Here is a quick break down of the proposed tax increases:
|
Proposed Tax Increases for Fiscal 2022 Budget
|
|
Tax
|
Fiscal 2021 Tax Rate
|
Proposed Fiscal 2022 Tax Rate
|
Increase
|
| Real Estate Tax |
$1.125 per $100 of assessed value
|
$1.125 per $100 of assessed value
|
None, but the value of residential properties are increasing.
The average real estate bill is expected to increase by $306.
|
|
Fire Levy
|
$0.08 per $100 of assessed value |
$0.08 per $100 of assessed value |
None, but it’s expected to increase by $22 on average.
|
| Cigarette Tax |
–
|
$0.30 per pack |
The creation of this tax is being proposed.
|
| Computer and Peripherals Tax |
$1.35 per $100 of assessed value
|
$1.60 per $100 of assessed value
|
$0.25 per $100 of assessed value
|
The real estate tax rate and fire levy rate would remain the same at $1.125 per $100 of assessed value and $0.08 per $100 of assessed value, respectively.
Because the value of residential properties are going up by an average of 7 percent, the average real estate tax bill is expected to jump up by $306. The fire levy would rise by $22 on average.
Martino is recommending the county increase the computer and peripherals tax rate for businesses by $0.25 per $100, bringing it to $1.60. Last year, officials raised it from $1.25 per $100 to $1.35.
The cigarette tax, if approved, would be for $0.30 per pack and generate about $3 million.
In addition to tax increases, the proposed budget includes the Revenue Sharing Agreement between Prince William County and Prince William County Public Schools (PWCS) and costs associated with the Route 1 renaming.
Parks and transportation referendums projects, extending services for members of the homeless community, and employee compensation are other features of the proposal.
County residents will be able to learn more about the proposed fiscal 2022 budget and proposed Capital Improvement Program (CIP) at a virtual community meeting at 9 a.m. on Saturday. Questions are also going to answered at the meeting, which is being offered through WebEx.
A public hearing and budget recap are set for March 16 and April 13, respectively. The Board of County Supervisors (BOCS) plans to approve the budget on April 27.
Further details about the budget and the Q&A application are on the county’s website. Citizens may also offer input regarding the BOCS’ agenda on SpeakUp! Prince William.
