Follow Us On:

Winchester surpasses certified tax rate

Posted on Sunday, July 16, 2017 at 9:08 am

-File Photo

Citizens in Winchester can anticipate a small hike in their property tax bills after the council voted to approve an ordinance to exceed the certified tax rate.

During the monthly meeting in City Hall Tuesday afternoon, city councilmen unanimously endorsed Ordinance 999, setting the city-wide tax rate at 97.33 cents per $100 of property valuation.

The certified tax rate is 92.89 cents.

Any ordinance must be put before a public hearing prior to a third reading’s passage. The hearing was opened and closed without comment.

The county reappraises property every five years and adjusts the tax rate so that the same amount of revenue is raised as the previous year. If the previous tax rate is maintained, the difference is, in effect, a property tax increase.

The taxes on a Winchester home valued at $100,000 will go up about $11 annually, or about 92 cents per month. If the certified tax rate had been used, the taxes would be $232 annually. However, by remaining with the previous rate, the tax bill will go to $243.

First to raise the motion was Councilman Cile Alexander. Councilman Bruce Spencer seconded.