Real estate taxes to rise in Fairfax, Falls Church

alancleaver 2000City managers in Fairfax and Falls Church are proposing real estate tax hikes. The hikes are to make up revenue lost from dropping residential and commercial property assessments.

Falls Church proposed a 20-cent increase in its tax rate, from $1.07 to $1.27 per $100 of assessed value. Fairfax City is considering an increase of 8.5 cents, from 88 cents to 96.5 cents per $100 of assessed value.

Falls Church is set to adopt its budget April 26, and Fairfax will vote on its budget April 29.

Read more at The Washington Post...

Posted on Friday, March 12, 2010 - 8:07am