Tax increase was the wrong budget solution
by Chris Tuck
Another year, another tax increase in Montgomery County. Last week, four of my fellow supervisors decided to raise taxes yet again, despite growth in tax revenues of $2.8 million and the promise of hundreds of thousands of dollars in additional state and federal monies. They voted to increase taxes despite the fact that over a seven-year period, our real estate tax rate will have increased 40 percent. It is now more than double that of Wythe County, which has the lowest tax rate in the New River Valley, at 44 cents.
The increase of two cents on real estate tax rates and 10 cents on personal property will generate $1.4 million and $500,000 respectively for a total of $1.9 million more taken from our residents.
Tuck is a member of the Montgomery County Board of Supervisors.