Real estate levies in Chesterfield County, Virginia, fund essential public services such as schools, parks, public safety, and infrastructure maintenance. These levies are calculated based on the assessed value of a property, with rates established annually by the county government. For example, a property assessed at $300,000 with a tax rate of $0.92 per $100 of assessed value would incur an annual tax of $2,760.
Stable and predictable local government revenue streams are vital for consistent service delivery and long-term planning. These revenue streams allow for community investments, maintaining property values, and ensuring the overall well-being of residents. The historical context of these levies reflects the evolving needs of the community and the ongoing commitment to responsible fiscal management.