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Old 02-24-2010, 06:46 AM
 
Location: Virginia
18,717 posts, read 26,785,602 times
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Quote:
Originally Posted by DCNY View Post
wow.. bought house in NOV of 2009 and value went down 10%..

Is my tax going to be lower too? because its value went down from last year ?
That's the idea. You really only want the assessment on your house to go up right before you plan to sell it. At this point, having it go down is good news.
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Old 02-24-2010, 08:36 AM
 
1,339 posts, read 2,951,349 times
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Quote:
Originally Posted by DCNY View Post
wow.. bought house in NOV of 2009 and value went down 10%..

Is my tax going to be lower too? because its value went down from last year ?
Not necessarily. It all depends on the 2010 RE tax rate. As bornindc wrote, the 2010 RE tax rate will be finalized next few weeks. Wait until then to do the Math.

Thanks,
K
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Old 02-24-2010, 10:49 AM
 
21 posts, read 29,107 times
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My assessment went down again this year - this time 7.2%. The Fairfax BOS will vote on the new tax rate at the end of April. They'll have several public hearings and budget worksessions throughout March and April giving citizens an opportunity to comment on the the County Executive's proposed budget and proposed tax rate.
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Old 02-24-2010, 11:03 AM
 
437 posts, read 1,070,305 times
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Quote:
Originally Posted by bbandef View Post
My assessment went down again this year - this time 7.2%. The Fairfax BOS will vote on the new tax rate at the end of April. They'll have several public hearings and budget worksessions throughout March and April giving citizens an opportunity to comment on the the County Executive's proposed budget and proposed tax rate.
From my understanding, the BOS will decide on the property tax rate first (usually in early March), then it goes to hearings and they can change it if they want after all that when they approve the final budget. I don't think they can increase the rate though after they set it in their March meeting, only lower it.
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Old 02-25-2010, 06:12 AM
 
19,183 posts, read 28,285,338 times
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House up. Land down. Net decrease of about 2.5%. It was down about 12% last year. I hope they do go ahead and raise the rate. Don't want to see more services cut, and don't want to see County employees put through the wringer.

Quote:
Originally Posted by kutra11 View Post
***Warning! RANT ahead***
If my RE taxes go higher, I'm going to be a sure shot candidate to get hit by the AMT this year! :-(
No biggie. You get used to the AMT after a while. :-)
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Old 02-25-2010, 09:27 AM
 
7,852 posts, read 7,203,235 times
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commercial properties' online assessments seem to be down anywhere from 25 to 35 percent. probably the same for undeveloped residential lots.
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Old 02-25-2010, 10:03 AM
 
509 posts, read 852,291 times
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My brother's former house in Chantilly went from $609K to $574K, for another datapoint. Interesting.

I'm in PWC and we are still waiting for assessments. My former townhouse which I just sold is in City of Manassas and they haven't come out with them yet either.
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Old 02-25-2010, 11:03 AM
 
Location: Dudes in brown flip-flops
660 posts, read 1,497,142 times
Reputation: 345
My parents house in McLean dropped by 15% this year, far more than the 6% drop between 2008 and 2009. They can't really figure out what happened, nor do they understand why the county is off by one bedroom and is missing the deck, but I don't think they'll be contacting them...
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Old 02-25-2010, 01:58 PM
 
21 posts, read 29,107 times
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Quote:
Originally Posted by bornindc View Post
From my understanding, the BOS will decide on the property tax rate first (usually in early March), then it goes to hearings and they can change it if they want after all that when they approve the final budget. I don't think they can increase the rate though after they set it in their March meeting, only lower it.

The usual process is for the Board to advertise a proposed tax rate which means they can't approve anything higher than what they advertise. After they advertise, they have public hearings and budget worksessions to arrive at a final decision on the tax rate. Then usually at their end of April meeting they vote on that rate - effective July 1.
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Old 02-25-2010, 02:28 PM
 
921 posts, read 981,095 times
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Quote:
Originally Posted by kutra11 View Post
Fairfax County

Regards,
K
Thanks for the ref link.

I'll pass this along to my cousin who owns a home in fairfax county.
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