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Fairfax County follows suit - Raises Taxes Rate for Fiscal 2009
By robertearl | April 22, 2008
Yesterday, the Fairfax County Board of Supervisors tentatively approved a $3.3 billion spending plan for fiscal 2009 that raised the property tax rate 3 cents, to 92 cents, per $100 of assessed value. The average home assessment declined from $542,400 to $524,100, and the average tax bill is projected to drop about $6, to $4,822. Final action on the budget is set for Monday.
In Prince William County, where foreclosure rates have soared more than in other area communities, supervisors today are scheduled to consider a 21-cent tax rate increase to offset a 15 percent decline in home values. Loudoun County leaders have approved an 18-cent tax increase to contend with a 10 percent decline. Average tax bills in both counties would rise about 8 percent. (washingtonpost.com)
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