At the August 9, 2022, Midlothian City Council meeting, the Council approved a tax-rate ceiling of $0.663147 for fiscal year 2022-23. At that meeting it was presented that the No-New-Revenue tax rate was $0.663147. It was discovered after the meeting that the No-New-Revenue tax rate presented was inaccurate. When the error was caught, it was corrected in the subsequent Public Notice published on the city’s website and in local publications; however, it has understandably caused public concern. The correct No-New-Revenue tax rate is $0.595914 per $100 property valuation.
It is important to understand that proposing and publishing a tax rate is only the first step in the City’s process for approving a new tax rate. The City is required by law to propose a tax rate, which in this case is a proposed tax ceiling, and then provide public notice of the proposed tax rate and Public Hearing before the final tax rate can be approved. That Public Hearing will be held on September 6, 2022, at 6 p.m. at City Hall in Council Chambers.
Follow the link below to view the Notice of Public Hearing.