Fairfax County officials are looking at ways to avoid drastic jumps in tax bills for vehicle owners.
The Board of Supervisors’ Budget Committee discussed options for providing relief on the county’s annual personal property tax with county staff on Tuesday (March 15). Assessment values on vehicles have spiked, leading to a potential increase from $229 to $415 for the average bill.
While an increase in vehicle assessments last year affected 12% of vehicles, market values in the auto industry are projected to cause jumps in bills for more vehicle owners this year.
“Almost 90% of Fairfax County vehicle owners will experience a substantial increase in the assessed value of vehicles due to January 2022 JD Power values,” a staff presentation said.
One possible solution is adjusting the personal property tax rate, which is currently at $4.57 per $100 of assessed value.
Christina Jackson, the county’s chief financial officer, said the rate has not changed since fiscal year 1988, but a reduction could mean a $18 million drop in revenue associated with business personal property also covered under the tax.
The county could also adopt a different standard to assess vehicles, such as an “average” or a “rough” trade-in price.
The county currently uses J.D. Power values for a vehicle’s “clean trade-in” book value, which the company describes as “a vehicle with no mechanical defects and [that] passes all necessary inspections with ease.”
But staff recommended applying an 85% assessmention ratio to vehicles, which would bring the average increase to $78, or a bill of $307 for the year. That reduction would make the average assessment $13,314, rather than $15,663 if no help is given.
The county board hopes to get more info on the matter before deciding how to proceed as they evaluate the proposed budget for fiscal year 2023, which starts July 1.
“The prices are just outrageous,” Lee District Supervisor Rodney Lusk said. “Clearly, we have to do something.”
Meanwhile, the Commonwealth subsidizes part of the taxes on personal vehicles through the Personal Property Tax Relief Act. The state has been giving Fairfax County $211 million per year from that money, but the amount has stayed the same for over a decade.
Board of Supervisors Chairman Jeff McKay said the state has promised to eliminate car taxes.
Personal property taxes for Fairfax County are slated to generate $734 million for the upcoming budget year. Most of the county government’s revenue comes from real estate taxes.
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Are you ready for summer? Live Fairfax has a bucket list of indoor activities, outdoor escapades and trips to explore this summer.
Camps are just the beginning of what’s in store at Art House 7 this summer. We’re thrilled to offer an array of exciting classes for both kids and adults!Rediscover your creativity with some of our AH7 favorites, such as drawing, hand-sewing, modern embroidery, and our popular 3-week Jump into Crochet classes. But that’s not all! We’ve added some fresh and exciting options to our summer class selection, guaranteed to spark your imagination.
To enhance your artistic journey, we have intensified some of our Ceramics: The Wheel classes to a full 3-hour duration. This extended time allows for more creativity and skill development in each class session. If you’re eager for a captivating twist, give Contemporary Still-Life Drawing & Painting a go. Or why not try an immersive outdoor painting adventure? We have a unique opportunity for you to bring your painting skills to life while learning and creating in the great outdoors with our Landscape Painting: Studio and Plein Air class!
We invite you to visit our website and explore our full Summer Session schedule, brimming with a diverse range of classes and camps. Classes and camps begin June 20th. Unleash your inner artist, broaden your horizons, and embark on a summer adventure like no other. Let’s make this a summer to remember at Art House 7!
Potomac Harmony Chorus has a new director! We’re ready
to kick off the season with new music, a new approach, and YOU!
Potomac Harmony is one of 500 choruses in Sweet
Adelines International. We’re a vibrant,
contemporary, inclusive, welcoming, and open community of women singers who
perform four-part harmony, barbershop style, committed to a high level of
achievement through teaching, mentoring, personal growth, and performance. Our vision is to entertain, educate, and
enrich lives through musical expression while promoting the barbershop art
Potomac Harmony recently had our first performance
with our new director, receiving rave reviews! We invite you to stop by any Wednesday
evening and be part of the fun and harmony!
Army Birthday Festival – Free and Fun
Make Saturday, June 10, 2023 a great day!
Come celebrate the Army Birthday Festival at the National Museum of the U.S. Army from 9:00 a.m. – 5:00 p.m. Rain or Shine!
• Experience outdoor and indoor fun activities, for all
Unveiling of West Ford historical highway marker
Gum Springs will be celebrating 190 years of its founding by freedman West Ford on Saturday, June 17, 2023. To kick-off the celebration, there will be an unveiling of a Virginia historical highway marker for West Ford on Fordson Road