Martinsville area

Henry County hasn’t updated its current plan since 1994. In the 30 years since, housing has emerged as one of the bottlenecks to growth for the county. 

The bills will go to residents’ insurance companies, not to property owners.

The reduced tax rate won’t necessarily translate to lower tax bills. Residents might see a reduction, no change or even an increase in their tax bill because of the recent reassessment. 

Councilors will consider a land deal with Mid-Atlantic Broadband and continue work to finalize the budget.

This budget season, the tax rate has been one of the primary points of concern for both city officials and residents.

The changes include replacing traffic lights with stop signs at several intersections.

Officials have floated the idea of changing the city’s tax rate following the most recent reassessment, when the city saw a median property value increase of 54.3%.