The Town of Vienna will reduce its real estate tax rate by a full cent for the upcoming fiscal year 2024, which begins July 1.
Approved unanimously by the town council on Monday (April 24), the reduction is bigger than the quarter-cent decrease first proposed by Town Manager Mercury Payton last month, but it still won’t be enough to completely counterbalance the rising property values most homeowners experienced this year.
Fairfax County is currently set to keep its real estate tax rate the same as last year, but some local residents accused county leadership of trying to disguise a tax hike for local residents.
During a meeting on Tuesday (April 11), the Board of Supervisors held a public hearing for the fiscal year 2024 tax rate, which is likely to hold steady at $1.11 per $100 of assessed value.
No property tax rate increases are proposed in the Town of Herndon’s budget proposal for fiscal year 2024.
The $62.5 million budget, submitted by town manager Bill Ashton II, represents a 9% increase over last year’s budget.
The final touches on the first phase of the Silver Line project that brought Metro into Tysons are falling into place, almost a decade after the five new rail stations in Fairfax County opened.
Construction on the shoulder of the Dulles Connector Road — which links the Dulles Toll Road in Tysons to the I-66 interchange in Idylwood — has been completed, according to a presentation that the Fairfax County Department of Transportation gave to the Board of Supervisors’ Phase 1 Dulles Rail Transportation Improvement District Commission on Tuesday (March 28).
Fairfax County could be putting a little more money into a program that aims to make paying taxes in the county easier.
At a budget committee meeting on Tuesday (March 28), the Board of Supervisors got a briefing on the fiscal year 2023 third quarter review, looking over how staff are proposing to use a net $51.2 million in available funding.
The Town of Vienna intends to lower its real estate tax rate for a third consecutive year, as home values continue to soar.
Released on Monday (March 6), the town’s proposed budget for fiscal year 2023-2024 — which will begin on July 1 — cuts the real estate tax rate by a quarter of a cent, decreasing it to 20 cents per $100 of a property’s assessed value.
The redevelopment of two empty commercial buildings in the Bailey’s Crossroads areas has been approved — along with a nearly $14 million partial tax break from Fairfax County.
At a meeting on Tuesday (Feb. 21), the Fairfax County Board of Supervisors unanimously approved funds for the Skyline project through the county’s Economic Incentive Program, which allows qualifying properties to receive funds in the county’s five Commercial Revitalization Districts (CRDs).
(Updated at 11:05 a.m.) The proposed 2024 budget has real estate taxes once again increasing for many, as home values across Fairfax County continue to rise.
At yesterday’s Board of Supervisors meeting, County Executive Bryan Hill presented his proposed fiscal year 2024 budget. The $5.1 billion budget is up $280 million from last year — an increase of about 6%, largely due to real estate taxes going up.
Fairfax County is again asking the state for money to offset anticipated reductions in resident vehicle tax payments.
At a meeting on Tuesday (Jan. 24), the Board of Supervisors unanimously approved a letter written by Chairman Jeff McKay for Gov. Glenn Youngkin, asking him to include money in his budget for localities to blunt the impact of a 15% decrease in car tax revenue.
Fairfax County’s top priorities for 2023 will be increasing mental health services, boosting police retention, addressing commercial office vacancies, and improving pedestrian safety, Board of Supervisors Chairman Jeff McKay says.
Adequately addressing those needs, though, requires more financial help and local authority from Virginia’s General Assembly, he told FFXnow in an interview.
