Hearing on new Cumberland rates is Tuesday
CUMBERLAND — Supervisors in Cumberland County are set to hold a public hearing on newly proposed tax rates on Tuesday at 7 p.m. in the county courthouse.
Supervisors are proposing a 4-cent increase in the real estate tax rate while dropping the tax rate to zero for machinery and tools and heavy construction machinery.
The motion, made during an April 12 meeting by District Four Supervisor David Meinhard, included the elimination of the forestry category of the county’s land use taxation program.
The advertised rates, if approved, would increase the county’s real estate tax rate to 78 cents per $100 of assessed value from 74 cents. The machinery and tools and heavy construction machinery tax would drop from $3.75 per $100 of assessed value to zero.
The public service corporation tax rate on real estate would increase with the real estate tax rate by four cents.
According to County Administrator and Attorney Vivian Seay Giles, the four-cent increase would bring about $300,000 more in revenue for the county.