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Richmond City Councilor Reva Trammell (center) failed to garner enough votes for her proposal to lower the city’s real estate tax rate in response to rising property values.

Richmond City Councilor Reva Trammell (center) failed to garner enough votes for her proposal to lower the city’s real estate tax rate in response to rising property values.

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City Council rejects real estate tax rate cut

Richmond’s $1.20 real estate tax rate will stay the same for another year after Richmond City Council voted 5-3-1 on Tuesday against a proposed four-cent reduction in the rate.