Hearing set on IW real estate, meals tax increases

Smithfield Times

Hearing set on IW real estate, meals tax increases

Isle of Wight County supervisors will hold a public hearing May 9 on a proposed 5-cent increase in the county’s real estate tax rate, ahead of a planned same-day vote on the matter. The supervisors previously held a separate hearing on April 18 concerning the county’s proposed $108.9 million fiscal year 2024-25 budget. If approved, the budget and proposed tax rates would take effect July 1. Isle of Wight currently charges 71 cents per $100 of as…