161384 Resource 160154 161269 161269 1173530674339 1173748904179 Controlled Northern Virginia Property Tax Assessments

Good News? Less Tax! Property Tax Assessments in Northern Virginia: Values Down for First Time in Years

It’s that time of year again – tax season.  Here, we are talking about residential real estate property taxes in <place />Northern Virginia</place />.  Homeowners in <city /><place />Arlington</place /></city />, <city /><place />Alexandria</place /></city />, <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place />, and <place /><placename />Prince</placename /> <placename />William</placename /> <placename />County</placename /></place /> have experienced unprecedented property value appreciation over the last few years with the booming real estate market. The Washington Post reported that “a six-year run of double-digit percentage increases in Fairfax County home assessments came to abrupt end,” as assessments mailed this week reflected that properties lost value for the first time since 1998.  The Post article details that <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place /> property tax bills have grown 89 percent since 2001. Roundup of average property tax assessments changes in <place />Northern Virginia</place /> for 2007:<place /><placename />Fairfax</placename /> <placetype />County</placetype /></place />:              0.3% decline from 2006 <place /><placename />Loudoun</placename /> <placetype />County</placetype /></place />:           7.1% decline <place /><placename />Prince</placename /> <placename />William</placename /> <placename />County</placename /></place />:   4.0% decline<place /><placename />Arlington</placename /> <placetype />County</placetype /></place />:           0.8% decline<place /><placename />Alexandria</placename /> <placetype />City</placetype /></place />              3.0% decline The Post reports under the proposed <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place /> budget, the tax on the average home in <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place />, valued at $524,744 would be $4,830/year.   The overall average <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place /> tax assessment change in 2007 was not spread evenly throughout the county.  Certain areas actually had increases while others had larger losses.  <place />McLean</place /> assessments were up 1.43% and Lorton assessments lead the county with an average rise of almost 2.6%.  The biggest assessment reductions were in Fairfax Station (-3.05%) and <place />Reston</place /> (-2.71%). What can you do if you still feel your tax assessment is too high?  Listed below are the resources for appealing your <place />Northern Virginia</place /> property tax assessment. <place /><placename />Alexandria</placename /> <placetype />City</placetype /></place />:  More information at <a href="http://www.ci.alexandria.va.us/realestate/">http://www.ci.alexandria.va.us/realestate/</a>  <place /><placename />Arlington</placename /> <placetype />County</placetype /></place />:  For more information or to initiate an appeal, call 703.228.3920 or email <a href="mailto:realog2@arlingtonva.us">realog2@arlingtonva.us</a> <place /><placename />Fairfax</placename /> <placetype />County</placetype /></place />:  <a href="http://www.fairfaxcounty.gov/dta/forms.htm">http://www.fairfaxcounty.gov/dta/forms.htm</a>  contains the necessary forms to appeal the tax assessment.  Call 703-222-8234 for more information on appealing tax assessments. <place /><placename />Loudoun</placename /> <placetype />County</placetype /></place />:  <a href="http://www.loudoun.gov/assessor/faqs.htm">http://www.loudoun.gov/assessor/faqs.htm</a> for more information on tax assessments in <place /><placename />Loudoun</placename /> <placetype />County</placetype /></place />. <place /><placename />Prince</placename /> <placename />William</placename /> <placename />County</placename /></place />:  For more information on <place /><placename />Prince</placename /> <placename />William</placename /> <placename />County</placename /></place /> appeals, go to <a href="http://www.co.prince-william.va.us/default.aspx?topic=010046000580001826">http://www.co.prince-william.va.us/default.aspx?topic=010046000580001826</a>  10 application/xml false alexandria virginia arlington virginia fairfax county loudoun county northern virginia prince william county tax appeal tax bill virginia homeowner virginia property tax virginia tax assessment washington post Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; IEMB3; IEMB3) 127.0.0.1 127.0.0.1 bblock false true false false true 205801 false false true false false false true 160154 blog blogsite/BrianBlock/web