The Bristol Virginia City Council Has Adopted A New Real Property Tax Rate Of $0.93 Per $100 Of Assessed Value, Down From The Previous $1.17 Rate. However, Due To Increased Property Values, Homeowners Will Likely Pay More. Resident Todd Crusenberry Told Newschannel 11, This Will Be Tough On Him And Others…..
City Manager Randall Eads Said The Change Amounts To About A 16% Increase. The Nearly $165 Million Proposed Budget Includes Pay Raises For City Employees And Addresses Debt From The City’s Landfill And The Falls Shopping Center. A Public Hearing On The Budget Is Set For April 22.