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Norfolk city council passes new real estate tax rate, increased parking fees

Photo by Flickr user Images_of_Money

Get ready to start paying more for everything in Norfolk. The city council passed their budget last night.

When it comes to real estate, the new tax rate will be $1.15 per 100 of assessed value.

So the owner of a home assessed at $250,000 will pay about $100 more in property taxes.

At the same time, the city council also approved increases to fees for parking at meters.

And what you pay depends on where you park.

Most of the city meters will cost you 35 cents every 15 minutes.

But a few will be 45 cents for every 15 minutes.

And meters near ODU are going up to 50 cents a half hour.

It’s the city’s first parking increase for meters since 2004.

The city is also increasing the cost of parking decks and parking violation fees.

Filed in: News

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