Chesterfield County presents budget for fiscal year 2026

Chesterfield's proposed budget includes reduction in real estate taxes

Chesterfield County plans to lower the real estate tax rate from 90 cents to 89 cents per $100 of assessed value as part of the fiscal year 2026 budget.

Chesterfield County presents budget for fiscal year 2026

CHESTERFIELD COUNTY, Va. (WRIC) -- The Chesterfield County Board of Supervisors presented its proposed budget for fiscal year 2026 on Wednesday, March 12. As one of Virginia’s most populated counties, the budget shows cost decreases in some areas but increases in others. There have been record tax breaks in recent years from real estate to personal property tax, and those tax breaks are proposed to continue. The board proposed decreasing the rea…

Chesterfield's FY26 budget would cut real estate tax rate, increase BPOL threshold - Richmond BizSense

The Chesterfield County Administration Building. (BizSense file) Chesterfield’s proposed budget for the upcoming fiscal year would continue recent trends of pushing down the county’s real estate tax rate and bumping up its BPOL threshold. County officials on Wednesday unveiled their $2.4 billion FY26 budget proposal, including a 1-cent reduction to the real estate rate tax and a $50,000 increase to the threshold at which the county collects BPOL…