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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (279791)	3/21/2006 6:15:58 PM
From: TimF	Read Replies (1) \| Respond to of 1572507

but real estate taxes can be high because of the assessment. Thank you. I thought as much. However to put that into perspective, the taxes on a $500,000 house are $6250 per year......probably less than what you pay on your townhouse. The tax rates in Fairfax County are 1% ($1 per $100 of assessed value) with a planned reduction to .93%. 1% of $500k is $5k. So a $500,000 house would be taxed $5000 per year, and my townhouse gets taxed less than that. -- The County Executive's FY 2007 Advertised Budget Plan includes a proposed $.07 tax rate reduction. If adopted by the Fairfax County Board of Supervisors, this would lower the tax rate to $0.93 per $100 of value for tax year 2006. The actual tax rate for 2006 will depend on the final actions of the Board as they deliberate on the FY 2007 budget. The 2005 real estate tax rate is $1.00 per $100 of assessed value. Certain districts, designated Special Tax Districts, have an additional levy added to the base tax rate. Also, additional service charges may be applicable in certain districts. The Board of Supervisors establishes a tax rate for real estate every spring when it adopts the budget. The tax rate applies to the current calendar year. fairfaxcounty.gov