The Proposed FY 2015-2016 Operating & Capital Budget was presented to the Board of Supervisors on April 1st, 2015. The proposed FY 16’ budget totals $162.6M across all funds. The General Fund budget is recommended at $70.4M, an increase of $1.2M or 1.8% over the current fiscal year. No adjustment is proposed to the current real estate tax rate of $.85 per $100. To view the proposed budget in detail, please click on the link above. Click here to view the budget presentation or here to view the proposed FY2015-16 budget document.
As required by State law, Isle of Wight County conducted a General Reassessment of Real Estate which will be effective July 1, 2015. All real property is assessed at “fair market value”. Notices were mailed on March 27, 2015. You may file a request for review of your assessment to the Board of Equalization (BOE) before June 30, 2016 or the Circuit Court before June 30, 2018. The BOE will begin scheduling hearings after July 1, 2015 (dates will be publicized).
For questions, property owners may contact the Commissioner of the Revenue’s Office at 365-6219.
The Board of Supervisors adopted the FY 2016-2025 Capital Improvements Plan at its February 19, 2015 meeting. The CIP is a planning tool that is used as a guide for future capital spending over the next 10 years in the areas of Public Utilities, Stormwater, and General Government (Parks & Recreation, Buildings & Facilities, Public Safety, Transportation, Schools, and Economic Development).
The County has prepared the FY 2014-2015 County Profile and Statistical Digest to provide citizens, businesses, county officials, and other interested stakeholders with a snapshot of Isle of Wight County including key indicators regarding County Government and Tax Rates, Community Demographics, the Local Economy, Public Safety, Health & Welfare, and Parks and Recreation. Learn More