Homeowners in Fairfax County will see higher tax bills next year, as the Fairfax County Board of Supervisors Tuesday voted to increase the tax rate to $1.09 for the 2015 fiscal year.
That’s an increase $.005 over the fiscal year 2014 rate of $1.085.
For the average homeowner, that means an increase of about $25 in addition to the $332 “average increase resulting from rising assessment values,” according to the budget mark-up documents.
In a prepared statement, Supervisor Pat Herrity (R-Springfield) said, “I am disappointed in the Board’s decision to opt for a tax rate increase over tough cost reductions and a focus on priorities.”
According to the 2015 budget mark-up package: “The good news this year is that real estate values are beginning to rebound. The bad news is that only residential values are rising; business taxes are flat and commercial assessments are a 0.1 percent decrease from fiscal year 2014.
“Combine this with an increase in our Fairfax County Public School student population; increased needs for human services; and stressed-out County employees who have endured pretty much stagnant compensation for the past five years, and we end up with a pretty challenging budget brew.”