New Taxes, Higher Taxes for Alexandria - NBC4 Washington

New Taxes, Higher Taxes for Alexandria



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    With the county's economy still limping back to health, most politicians have treated new taxes like a third rail.
    But in Alexandria, the City Council has just pushed through two new charges.
    In a weekend session, the city's property tax rate got raised and a new transportation tax for commercial properties was introduced.

    The council voted to make the new property tax rate $1 per $100 of a property's assessed value.

    The Washington Post reported:

    The proposed fiscal 2012 budget would lead to about a $16 increase in the average homeowner’s tax bill, totaling about $4,395 for a $449,400 property. The council’s tax rate would increase the average homeowner’s bill by about $100.

    The new property tax rate would raise an additional $7.2 million dollars for the city.

    The council also approved a rate of 12.5 cents per $100 of a commercial property’s assessed value that would be dedicated toward new transportation projects.

    Arlington and Fairfax counties already have the commercial add-on tax at 12.5 cents and 11 cents, respectively.

    Public hearings on the tax rates will be held April 16.