Property Values Raise Taxes; Fairfax County Real Estate to Create Bulge in Budget

The Washington Times (Washington, DC), February 26, 2002 | Go to article overview

Property Values Raise Taxes; Fairfax County Real Estate to Create Bulge in Budget


Byline: Mary Shaffrey, THE WASHINGTON TIMES

Fairfax County Executive Anthony H. Griffin's proposed $2.46 billion budget for 2002-2003 - released Monday - holds the line on real estate and personal property taxes, but with property values soaring, almost every homeowner in the county will see an increase in his or her tax bill.

The $2.46 billion budget is up about 5 percent over this year's, an increase made possible by the continued growth in the county's real estate values.

On Monday, the Fairfax County Office of Tax and Revenue mailed out 311,580 real estate assessment notices - about 95 percent of the county's total number of assessments.

Those tax bills will be sharply higher this year for most property owners, with the average household paying $470 more than last year.

According to the county's budget planners, the average value of a residential property in Fairfax is $272,943 - an increase of almost $40,000 in one year. With the tax rate still set at $1.23 per $1,000 valuation in Mr. Griffin's budget, the tax bill on a typical home will jump from $2,887 to $3,357.

That kind of increase has some homeowners calling for tax relief.

Arthur Purves, president of the Fairfax County Taxpayer Alliance, said his group wants to see county leaders trim the budget and find a way to cut the tax rate so that property owners are not hit so hard.

"If you cut the real estate tax rate by 17 cents, from $1.23 to $1.06, you'd have the same tax bill as last year," said Mr. Purves.

Merni Fitzgerald, director of public affairs for Fairfax County, questioned Mr. …

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