The Town of Vinton 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, exceeds
last year’s total assessed value of real property by 6.57 percent.
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 $0.066 per $100 of assessed value. This rate will be known as the
“lowered tax rate.”
Effective Rate Increase: The Town of Vinton proposes to adopt a tax rate of
$0.07 per $100 of assessed value. The difference between the lowered tax rate
and the proposed rate would be $0.004 per $100, or 6.06 percent. This difference
will be known as the “effective tax rate increase.” 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 revenues, the total budget of the Town of Vinton will not
exceed last year’s but will be less than last year’s by 0.65 percent.
A public hearing on the increase will be held on Tuesday, April 7, 2026, at 6:00 p.m.
or as soon thereafter as the matter may be heard, in the Council Chambers of the
Vinton Municipal Building, located at 311 South Pollard Street, Vinton, Virginia.
Additional information concerning the meeting and the public hearing will be
made available on the Town’s website at least three days before the meeting date.
Persons requiring special assistance to attend and participate at this public hearing
should contact the Town Manager’s office at (540) 983-0607.
Megan K. Lawless
Town Clerk
