Some Spotsy Co Public Schools teachers learned about 'EQUALIZED' tax rate over their decades of devoted service to the children of SCPS through the Spotsy Education Assn when we went to the 'Annual Beg Session' at the public mic to ask that the obstinately uncooperative Board of Supervisors adopt the needs-based school budget. Good Luck this year SEA!
AI Overview
A proposed real estate tax rate of 77.66 cents ($0.7766) per $100 of assessed value in Spotsylvania County, Virginia, represents a 4.23-cent increase over the current (FY 2025/2026) rate of 73.43 cents.
➡️ Step 1: Identify the Current and Proposed Rates
The current real estate tax rate for Spotsylvania County, adopted for the fiscal year beginning July 1, 2025, is 73.43 cents per $100 of assessed value. The proposed rate provided in the quiz is 77.66 cents.
➡️ Step 2: Calculate the Absolute Increase
To find the amount of the increase, subtract the current rate from the proposed rate:
This is an increase of 4.23 cents per $100 of assessed value.
➡️ Step 3: Calculate the Percentage Increase
To determine the percentage by which the rate is rising, use the formula for percentage change:
This results in an approximately 5.76% increase in the tax rate.
✅ Answer:
The proposed rate of 77.66 cents is an increase of 4.23 cents (or approximately 5.76%) over the current rate of 73.43 cents.
In your step 1, the appropriate current rate is 68.90 cents. The rate of 73.43 cents applied only to calendar year 2025 tax bills on calendar 2025 assessed values. This rate has since been converted, by state law, to 68.90 for CY26 due to reassessed values. This equalized rate is now the current tax rate for CY26 unless and until any change is adopted by the BOS after a public hearing.
Answer: Since Spotsylvania's CY 2026 tax rate now stands at 68.90 cents, per statute, a tax rate of 77.66 is an increase of 8.76 cents.
Some Spotsy Co Public Schools teachers learned about 'EQUALIZED' tax rate over their decades of devoted service to the children of SCPS through the Spotsy Education Assn when we went to the 'Annual Beg Session' at the public mic to ask that the obstinately uncooperative Board of Supervisors adopt the needs-based school budget. Good Luck this year SEA!
AI Overview
A proposed real estate tax rate of 77.66 cents ($0.7766) per $100 of assessed value in Spotsylvania County, Virginia, represents a 4.23-cent increase over the current (FY 2025/2026) rate of 73.43 cents.
➡️ Step 1: Identify the Current and Proposed Rates
The current real estate tax rate for Spotsylvania County, adopted for the fiscal year beginning July 1, 2025, is 73.43 cents per $100 of assessed value. The proposed rate provided in the quiz is 77.66 cents.
➡️ Step 2: Calculate the Absolute Increase
To find the amount of the increase, subtract the current rate from the proposed rate:
This is an increase of 4.23 cents per $100 of assessed value.
➡️ Step 3: Calculate the Percentage Increase
To determine the percentage by which the rate is rising, use the formula for percentage change:
This results in an approximately 5.76% increase in the tax rate.
✅ Answer:
The proposed rate of 77.66 cents is an increase of 4.23 cents (or approximately 5.76%) over the current rate of 73.43 cents.
In your step 1, the appropriate current rate is 68.90 cents. The rate of 73.43 cents applied only to calendar year 2025 tax bills on calendar 2025 assessed values. This rate has since been converted, by state law, to 68.90 for CY26 due to reassessed values. This equalized rate is now the current tax rate for CY26 unless and until any change is adopted by the BOS after a public hearing.