The Town of Scottsville does not collect real estate or personal property taxes. Scottsville property owners pay real estate and personal property taxes to that county (Albemarle or Fluvanna) in which their property lies. Scottsville derives its revenues from utility taxes, meals tax, business and professional licenses, bank franchise tax, locality share of sales taxes collected by the state, transient occupancy tax, and other revenue producing sources.  The Town Council adopts a yearly budget at a public meeting in April or May.