Purcellville Town Council Approves New Real Estate Tax Rate

March 28, 2025 - 06:41

The Purcellville Town Council on Tuesday adopted a real estate tax rate of 19.2 cents per $100 of assessed value, which is slightly lower than the rate proposed by Interim Town Manager Kwasi Fraser. This decision reflects the council's ongoing efforts to balance the town's budget while addressing the financial needs of its residents.

The approved tax rate is expected to generate essential revenue for the town, allowing for continued investment in public services and infrastructure. Council members emphasized the importance of maintaining fiscal responsibility while ensuring that the community's needs are met. The new rate is a crucial aspect of the town's financial strategy as it navigates various economic challenges.

Residents expressed mixed reactions to the tax rate adjustment, with some appreciating the lower rate while others voiced concerns about the potential impact on town services. The council will continue to engage with the community to ensure transparency and address any questions regarding the budget and tax implications.