Property Tax Alert: Virginia

May 2007

A Virginia locality seeking to increase the rate of the real property tax levied above the reduced rate mandated by law must provide notice of the public hearing at least 30 days before the date of the hearing in at least one newspaper of general circulation. Previously, the locality had seven days. Additionally, the locality is required to post notice of the public hearing in a prominent public location where notices are regularly posted in the building where the governing body of the county, city or town regularly conducts its business.

Please contact Rash & Associates for more information.