[SchoolMatters] Correction on tax rate impacts

[Brian Wheeler]

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This message is not an official communication of the Albemarle County
School Board. It is a private, e-mail-only newsletter written by Brian
Wheeler, At-Large Member of the Albemarle County School Board. 
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In my previous e-mail on the tax rate and budget, I mentioned the
Supervisors had described the impact of the tax increase on the average
homeowner as being $30 a year.  They did say that, but they were
referring to the difference between a 70 and a 71 cent tax rate, the
two rates that dominated their discussions yesterday.  

By my calculations, at 71 cents, the average household will pay an
additional $93 in taxes annually.  I calculate this by using the 2007
Charlottesville Area Association of Realtors (CAAR) year-end median
sales price for a home in Albemarle County ($310,000) and calculate the
difference between a $0.68 tax rate and a $0.71 tax rate on that home.
 The value of the home is held constant.  

My apologies for not being clearer about the impact.  I have corrected
my blog post and added this information as a comment.

See: http://schoolmatters.typepad.com/my_weblog/2008/04/tax_rate.html

Brian Wheeler