Fairfax County Reserves option for Real Estate Tax Increase

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By admin | April 2, 2008

The Fairfax County Board of Supervisors left the door open for a three cent increase in next year’s residential real estate tax March 10.

The Supervisors voted eight to two to advertise a real estate tax rate of 92 cents per $100 of assessed property. The current rate is 89 cents per $100 of assessed property.

By advertising a rate of 92 cents, the Supervisors give themselves the option to raise the rate up to three cents or can still decide to keep the rate at its current 89 cents. If the Supervisors had advertised a rate of 89 cents, they would not have had the option of raising the rate when approving the budget.

Even if the board decided to raise the rate three cents, the majority of residents would still see a decrease in the amount of money they have to pay in residential real estate taxes, said board chairman Gerry Connolly (D). He also added that Fairfax is looking at a much smaller increase than surrounding communities, such as Loudoun County, which is considering a 26-cent increase.

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