Find Us on Social Media

Wednesday, September 23, 2020
Local News

Alexandria City Council to Consider Real Estate Tax Rate of Up to 90.5 Cents for 2009

Views

Recently, the Alexandria City Council authorized advertisement of the maximum possible real (residential and commercial) property tax rates it will consider for the 2009 calendar year. Based on Council’s actions, the base real estate tax rate could be raised by a maximum of six cents, from 84.5 cents to up to 90.5 cents per $100 assessed value. City Council will not consider an add-on real estate tax rate on non-residential commercial and industrial property, keeping its tax rate considerably lower than surrounding jurisdictions. The personal property tax rate on vehicles and business tangible property tax rates would remain unchanged.

On February 10, Alexandria City Manager James K. Hartmann proposed a General Fund Operating Budget of $524.3 million for FY 2010 that reflected a decrease of 3.3% from the previously approved FY 2009 budget, the most dramatic decline in the City’s budget in more than 30 years.

City Council’s authorization of a potential change to the real property tax rate would result in the average residential tax bill increasing by up to $85 or 2% when compared to 2008 real estate tax rates. This compares to a decline in the average residential tax bill of $7 in 2008. The City’s real estate tax rates would be among the lowest in the Northern Virginia region, even if the maximum tax rate increase is approved.

Although the personal property tax rate on vehicles and business property tax rates would remain unchanged, vehicle owners can also expect to see their tax bills drop in 2009. A projected decline in average vehicle values this year will reduce the average household’s vehicle personal property tax bill by $66, or 23%, from last year.

The next public hearing on the budget will be held Monday, April 13 at 4 p.m. in City Council Chambers, City Hall, 301 King St. The effective real estate tax public hearing will be held on Saturday, April 18 at 9:30 a.m., also in City Council Chambers. The Operating Budget and Capital Improvement Program are scheduled for adoption on Monday, April 27 at a special legislative meeting at 7 p.m. in City Council Chambers. For more information, visit alexandriava.gov and click on “FY 2010 Budget” under Quick Links on http://www.alexandriava.gov.

0 0 vote
Article Rating
Lee Hernly, Editor
the authorLee Hernly, Editor
Founder & Editor
Lee Hernly is the Founder and Editor of Port City Wire, Alexandria, Virginia's best source for hyper-local news, opinion, and events. I live in the Old Town Alexandria area with my fantastic wife and son Sam. Oh, there’s Serena & Bea too. I’m so excited to meet new readers and see where you are from! Please be sure to leave a comment with a link to your blog so I can check it out!
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Property Tax Guru
March 20, 2009 5:24 pm

It sounds like this is a trend that is starting to occur all over the nation. It is a good way to bring in more revenue, but it may discourage potential home buyers from buying. Kind of a catch-22.

1
0
Would love your thoughts, please comment.x
()
x