Newport News’ real estate taxes might decrease for first time since 2008

The city manager’s recommended budget includes a real estate tax reduction of 2 cents per hundred dollars of assessed value, from $1.22 to $1.20. The reduction would equate to about $4 million in savings for residential property owners and businesses, according to City Manager Cindy Rohlf. The tax rate has held steady at $1.22 since 2014.

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