Tuesday, March 18, 2008
The latest northern Virginia jurisdiction, Alexandria has considered a real estate tax increase. The City Council chosen to propose a tax increase of up to 3 cents which could raise the tax rates to 86 cents per $100 of assessed valuation. The council also voted to advertise a commercial tax increase of an additional 2 cents. Mayor William Euille says officials are giving themselves 'flexibility' by providing legal notice of a big rate hike. He says he hopes the actual increase will be closer to zero than to 3 cents. The city is the latest jurisdiction to struggle with budget difficulties as property values fall.
posted by We buy houses
@ 11:06 PM
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