Fairfax County government leaders are debating changes to property tax bills amid tensions with soaring home values.
During a regular meeting tomorrow (Tuesday), the Board of Supervisors will likely advertise a property tax rate of $1.14 per $100 of assessed value. That is the same as last year’s rate, but bills are still expected to go up, due to soaring real estate assessments.
Those values are expected to increase by around 9.6% for residential property, according to the county.
The board is considering using available funds in its proposed $4.8 billion budget to potentially lower the rate and provide relief.
The county government relies on real estate taxes for most of that funding, about half of which goes to schools, followed by police, fire and social services.
Supervisors are talking with the public before they adopt a budget this May.
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