The following was first published on page A7 of the Washington Times on 03/09/2023.
Fairfax County Notice of Proposed Real Property Tax Increase
In accordance with Virginia Code Section 58.1-3321, notice is hereby given that the Board of Supervisors of Fairfax County, Virginia, will meet in the Board Auditorium of the Fairfax County Government Center, 12000 Government Center Parkway, Fairfax, Virginia, on April 11, 2023 at 3:00 P.M. At that meeting, the Board of Supervisors shall consider the matters described below.
The Fairfax County Executive has proposed the advertisement of a real estate tax rate of $1.11 per $100 of assessed value. No numerical change in the Real Estate tax is being proposed; however, the total assessed value of existing property has increased. It should be noted that the total increase in assessed value of existing properties is expected to be 5.68 percent, including an increase of 6.97 percent for residential real property and an increase of 1.65 percent for non-residential real property. As a result, most property owners will experience an increase in their real estate tax bill. The tax rate being proposed remains the same as FY 2023. Nevertheless, because the average value of real property in Fairfax County has appreciated by at least one percent, Virginia Code Section 58.1-3321 requires Fairfax County to publish the following notice.
Fairfax County, Virginia proposes to increase property tax levies.
Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last year's total assessed value of real property by 5.68 percent.
Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $1.0503 per $100 of assessed value. This rate will be known as the "lowered tax rate".
Effective Rate Increase: Fairfax County, Virginia, proposes to adopt a tax rate of $1.11 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $0.0597 per $100, or 5.68 percent. This difference will be known as the "effective tax rate increase".
Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.
Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total budget of Fairfax County, Virginia, will exceed last year's by 5.54 percent [1].
A public hearing on this issue will be held at 3:00 P.M. on April 11, 2023 in the Board Auditorium of the Fairfax County Government Center at 12000 Government Center Parkway.
All persons wishing to present their views on these subjects may sign up to be placed on the Speakers List at www.fairfaxcounty.gov/bosclerk/speakers-form, call the Office of the Clerk to the Board at 703-324-3151, or appear and be heard. Copies of the full text of proposed ordinances, plans and amendments, as applicable, as well as other documents relating to the aforementioned subjects, are on file and may be examined at the Office of the Clerk to the Board of Supervisors, Suite 552 of the Fairfax County Government Center, 12000 Government Center Parkway, Fairfax, Virginia.
Fairfax County supports the Americans with Disabilities Act by making reasonable accommodations for persons with disabilities. Open captioning will be provided in the Board Auditorium. For sign language interpreters or other accommodations, please call the Clerk's Office, 703-324-3151, TTY 711 (Virginia Relay Center) no later than 48 hours before the public hearing. Assistive listening devices will be available at the meeting.
The Board will conduct a separate hearing on the FY 2023 Advertised Budget Plan which will commence on April 11, 2023 at 4:00 PM and on April 12 and April 13 at 3:00PM.
Copies of the FY 2024 Advertised Budget Plan and the Advertised Capital Improvement Program for Fiscal Years 2024-2028 (With Future Fiscal Years to 2033) are available on the Internet at https://www.fairfaxcounty.gov/budget/.
A Copy - Teste:
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Jill G. Cooper, Clerk
Board of Supervisors
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[1]: The total budget increase is based on all revenues received by the
General Fund of Fairfax County. Projected FY 2024 disbursements
reflect a decrease of 2.80 percent over the FY 2023 level.