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TextCountywide Dialogue on Transportation: Commercial and Industrial Property Tax
What Can You Do?
- Funding - Read about Fairfax County's additional funding options.
- Projects - View types of unfunded transportation projects being considered for Fairfax County.
- Engage - View public meetings calendar, and sign up to receive email updates for this project.
- Documents - View maps and other related documents for this project.
- Survey- Read overview summary of survey results
Definition:
- Supplemental tax on commercial and industrial property for transportation purposes
Current Rate:
- 11¢ per $100 of assessed value
Example Rate:
- Increase by 1¢. The rate can increase by any increment to a maximum of 12.5¢ per $100 until June 30, 2018. Currently, a 1.5¢ increase is already being considered for FY2014.
Potential Annual Revenue at Example Rate:
- A 1¢ increase in C&I will generate $3.8 million (2012 Dollars).
Requirements:
- Board of Supervisor’s authorization required
Bond Eligibility?
- Could be bonded, depending on how it is implemented.
Who Pays?
- Fairfax County businesses in Commercial and Industrial Tax Districts
Who Doesn't Pay?
- Residential property owners
Effect on Household:
- None for residential property owners.
Website Survey 