NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE
NELSON COUNTY, VIRGINIA

Pursuant to Virginia State Code §58.1-3321, a public hearing will be held by the Nelson County Board of Supervisors in order to receive public comment on a proposed real property tax increase. The public hearing will be held on Thursday, April 16, 2026 at 7:00 pm in the General District Courtroom on the third floor of the Nelson County Courthouse located at 84 Courthouse Square, Lovingston VA 22949.

The County of Nelson, Virginia proposes to increase property tax levies.

Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property and any adjustments, exceeds last year’s total assessed value of real property by 31.5 percent. This increase also excludes assessed non-taxable real property values and special levies related to real property in the agricultural land use valuation program.

Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $0.495 Cents per $100 of assessed value. This rate will be known as the “lowered tax rate”.

Effective Rate Increase: The County of Nelson proposes to adopt a tax rate of $0.58 Cents per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $.085 Cents per $100 or 17.33 percent. This difference will be known as the “effective tax rate increase”.

The 17.33 percent effective tax rate increase averaged over the next four years is 4.33% per year.

Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.

Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenue, the total budget of the County of Nelson will exceed last years by 8.21 percent.

The proposed tax rate of $0.58 Cents provides an estimated $3.6 Million in new real estate tax revenue to partially cover:
• Annual incremental operational increases, and
• Reductions in State K-12 education funding of an estimated $4 Million over the next four years.

The Board of Supervisors intends to maintain its practice of setting a real estate tax rate that is in effect until the next real property reassessment, currently scheduled for 2030 (a four-year period).

BY AUTHORITY OF NELSON COUNTY SUPERVISORS