WASHINGTON COUNTY APPROVED BUDGET
FY 2026
Frequently Asked Questions
Q: Why does the County require cash reserves?
A: Cash reserves are set aside to be used in case of emergencies, cash flow, or for unexpected opportunities. These reserves can only be used according to the policy specifications. The County is a multi-million-dollar corporation and like household finance, should have a savings account.
Q: What are the County’s tax rates? A:
Major Tax Rates
Date of Last Tax Rate Change
If rates were increased by:
It would generate additional revenue of:
Type
Rate
Basis
Real Estate
$0.928 $100 assessed value
2023
$0.01
$1,726,298
Income Tax
2.95%
Taxable Income
2023
0.01%
$403,382
Recordation Tax
$3.80
$500 value
N/A
N/A
N/A
Q: I do not have any children. How do I benefit from tax dollars that go to education?
A: The role of our primary and secondary schools is to provide our young citizens the essential knowledge, skills, and attitudes to be contributing citizens and productive workers in Washington County. They will be our future doctors, engineers, teachers, accountants, electricians, bankers, and taxpayers. Their ability to join the workforce is key to the health and future of our economy, and their ability to be good citizens affects the livability of our community.
Q: What is the Current Yield Tax Rate and how does it differ from the actual tax rate of the County?
A: The Constant Yield Tax Rate is the rate the County could set if it wanted to collect the same amount in property tax revenue as it had the previous year, after changes in property values are considered. State law requires the County to calculate and publicize the Constant Yield Rate if it is less than the actual current rate, to make clear the amount of a budget increase that is attributable to rising property values. In years when the assessed values of properties go up, the Constant Yield Rate is
2026 Budget Document
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