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Radford City Council approved the fiscal year 2027 budget totaling $80,135,986, raising the real estate tax rate from $0.82 to $0.84 per $100 of assessed value and approving a 5% electric-rate increase. The tax-rate ordinance passed 4-1, while the budget and fee-and-rate ordinances passed unanimously.
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Residents will pay a higher real estate tax rate and increased electric and water charges under the approved fiscal year 2027 budget. The water rate will increase to $36.32 per 4,000 gallons, and several fees—including EMS standby, animal-control services, and library community-room rentals—will also change. Personal property, machinery and tools, and other taxes remain at their current assessed rates.
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