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Real estate taxes to rise in Fairfax, Falls Church

City 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.

Virginia counties listed in Forbes' "richest" list

Forbes has released a list of the richest counties in the United States, and Loudoun County is at the top, with a median income of $110,643. Other Virginia counties that landed in the top 25 include Fairfax County, Arlington County, Stafford County, and Prince William County.

See the full list here...

Posted on Wednesday, March 10, 2010 - 4:39pm