Board of Supervisors Authorizes Advertised Tax Rate of $1.105
March 4, 2014
- Proposed FY 2015 Budget details and information
- Budget Primer to assist residents in understanding the budget and the budget process.
- Information on Real Estate Tax assessments.
The Fairfax County Board of Supervisors authorized advertisement of a real estate tax rate for Fiscal Year (FY) 2015 of $1.105 per $100 of assessed value. The current FY 2014 rate is $1.085. In addition, the Board approved the advertisement of the FY 2014 Third Quarter Review.
Advertising an increase in the rate does not prevent the board from lowering any advertised tax rate, but a higher tax rate cannot be imposed without advertising the higher rate.
Each one cent increase in the real estate tax rate impacts the average residential taxpayer’s annual bill by approximately $50. The value of a penny on the Real Estate Tax Rate is $21.9 million in FY 2015.
A public hearing on the effective tax rate will be held on Tuesday, April 8, 3 p.m., Fairfax County Government Center Board Auditorium.
In addition, public hearings on the proposed FY 2015 Budget, the advertised capital improvement plan (CIP) and the proposed tax rate are Tuesday, April 8, at 6 p.m., Wednesday, April 9, at 3 p.m. and Thursday, April 10, at 3 p.m. Those wishing to speak at a public hearing can sign up online to place their name on the speakers list, or contact the Office of the Clerk to the Board at 703-324-3151, TTY 703-324-3903. The public hearings will be held in the Board Auditorium, Fairfax County Government Center, and will be televised live on Fairfax County Government Channel 16.
Town hall meetings are being held throughout the county to give residents the opportunity to ask questions and provide input.
You can also provide feedback and comments on the proposed budget through mid-April at email@example.com. Given the volume of comments, individual responses will not be possible.