Roanoke officials held a public hearing Aug. 26 to discuss increasing the property tax rate for fiscal year 2025-26 to fund new city staff positions and Capital Improvement Projects.

What you need to know

City officials are proposing increasing the property tax rate by $0.018 for a total of $0.326182 per $100 valuation for the upcoming fiscal year, Director of Finance Kyle Lester said.

If the tax increase is approved by City Council, the average property owner would pay $134 more annually than last year based on the average home price of $570,000 and the taxable value of $426,000, he said.

City officials predict a revenue of $13.2 million in fiscal year 2025-26 if the tax increase is approved, which is $936,655 more revenue than fiscal year 2024-25, Lester said at the Aug. 5 budget w

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