Real Estate Property Tax Rate Rising In Fairfax County

Fairfax Real Estate

Yesterday, the Fairfax County Board of Supervisors approved the Fiscal Year 2015 budget to include an increase of a half cent in the real estate property tax rate. This goes into effect July 1, 2014.

What does this mean for you and what will the new tax rate be?

  • Current Rate: $1.085 per $100 of assessed value
  • New Rate: $1.090 per $100 of assessed value

Here’s the calculation:

Your Assessed Value – Divided by $100 – Multiplied By $1.09 = Your Property Tax

So, if your home was valued at $700,000 last year, then you paid $7,595 in property tax. If your assessed value stayed the same this year, your new tax would be $7,630. (A small increase.  However, 88% of homes in Fairfax County were assessed at higher values this year than last year. So the increase is larger than it looks.)

Note: Assessed values and market values are not always the same. But the average sales price in Fairfax County rose more than 7% last year. Assessed values will likely continue to follow suit.

Click here to find out the Fairfax County assessed value of your home.

Call The Belt Team at (703) 242-3975. We’re happy to assist will ALL of your real estate needs!

Coming Soon in Oakton’s Berryland Farm

Springtime is spectacular – especially when you own a home in sought after Berryland Farm in Oakton. And we have a wonderful new home coming soon that simply shines in spring!Oakton Home For SaleCall (703) 242-3975 to schedule a showing or click here for more info!

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Just Listed: Gorgeous New Home from Taurus Enterprises in Close-In Vienna

Finishing touches are just being completed on this charming new custom home near Glyndon Park in Vienna!

Open Sunday, April 27th from Noon to 5PM.

More Information including floorplans

Call (703) 242-3975 with any questions or to schedule a showing.

New Home in Vienna VA Taurus Enterprises LLC

Northern VA Home Sales Down, Prices Up in First Quarter of 2014

First quarter statistics have been released. In most areas the number of homes sold in the first quarter of 2014 was down compared to first quarter 2013. However, in most areas, prices rose. Only 3 areas saw an increase in home sales: Dunn Loring, Centreville & Springfield. In every other Northern Virginia city, home sales declined year over year. On the other hand, prices were up in all cities except three: Ashburn, Great Falls & McLean. The other areas saw average prices rise from 2.1% to 10.2%. (See chart below for sales & prices in each city.)

Call (703) 242-3975 if you would like a zip code or neighborhood analysis.

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Northern VA Home Sales

Northern VA 2013 Sales 2014 Sales Yr Over Yr Avg SP 2013 Avg SP 2014 Yr Over Yr
Alexandria 951 867 -9% $451,880 $488,773 8%
Arlington 536 486 -9% $570,179 $585,200 2.6%
Ashburn 331 253 -24% $466,963 $462,281 -1.0%
Burke 96 114 19% $415,793 $426,403 2.6%
Centreville 173 182 5% $354,407 $372,015 5.0%
Chantilly 166 144 -13% $429,711 $463,140 7.8%
Dunn Loring 2 4 100% $882,500 $834,000 -5.5%
Fairfax 414 344 -17% $463,841 $488,611 5.3%
Falls Church 282 251 -11% $466,898 $476,777 2.1%
Great Falls 55 25 -55% $1,248,293 $1,108,758 -11.2%
Herndon 138 124 -10% $419,152 $447,186 6.7%
McLean 143 128 -10% $1,135,881 $931,091 -18.0%
Oakton 54 48 -11% $509,763 $562,012 10.2%
Reston 194 190 -2% $427,210 $441,990 3.5%
Springfield 208 232 12% $395,386 $428,874 8.5%
Sterling 211 194 -8% $349,394 $379,676 8.7%
Vienna 140 129 -8% $718,021 $733,301 2.1%

Just Listed in Dunn Loring Woods in Vienna! Open Sunday 1-4PM

Home For Sale Near Dunn Loring Metro

Does your wish list look like this?

Check Mark Close to Metro with easy commuting & access to stores, restaurants & the amenities of Tysons, Vienna & the Mosaic District

Check Mark Almost a half acre gorgeous lot with great outdoor living & entertaining space

Check Mark Home that backs to Dunn Loring Park

Check Mark 4 bedrooms, 2 updated full baths & 2 half baths

Check Mark Spacious, updated kitchen with granite countertops

Check Mark Hardwood floors, fireplace, sun porch, finished lower level & more!

If so – it’s your lucky day! We just listed 8210 Cottage Street in Vienna.It’s open Sunday from 1PM to 4PM. And it’s got every item on your list! Here’s a sneak peak!

Home For Sale Near Dunn Loring Metro

Call (703) 242-3975 to schedule a showing. Click here for more photos and detailed info about 8210 Cottage Street.

Search all homes for sale in Vienna


The Belt Team’s Mission Statement is “Changing Lives For The Better“. If it’s time to change YOURS, call (703) 242-3975!

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Just Listed: Vienna Contemporary In The Bluffs of Wolftrap

Are you looking for a contemporary home on a gorgeous lot in a great Vienna location close to Tysons? An absolute sanctuary of tranquility? An open floorplan with four bedrooms (including a main level master retreat)?

If so – you’ve hit the jackpot because we just listed one at 1650 Montmorency Drive in Vienna!

Bluffs of Wolftrap Contemporary

Call (703) 242-3975  or email The Belt Team to schedule a showing or click for more information & photos!

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The Belt Team’s Mission Statement is “Changing Lives For The Better“. If it’s time to change YOURS, call (703) 242-3975!

The Belt Team Helps Buyers Find Homes Not On The Market

What’s It Like To Work With The Best?

Our clients often tell us “You’re the best!”. But we never take that for granted. We SO appreciate their trust in us at such important times in their lives. And so after every transaction, we ask for feedback on how we can make things even better. We also ask our clients to share their experiences on an independent review site like Zillow or Trulia. We don’t get to see what they have said until AFTER it’s published. And we have no ability to edit what they say. This is where the rubber meets the road!

Success or Failure in real Estate

What we have learned over time is that some things get repeated over and over in those reviews:

  • “Superior negotiating ability”
  • “Constant communication”
  • “Responsiveness”
  • “Incredible market knowledge”
  • “Attention to detail”
  • “Professionalism”
  • “Saved us time”
  • “Saved us money”
  • “Saved us headaches”

We’re proud to say that the large majority of our clients are either repeat or referral. THIS is the testimony of what it’s like to work with the best. It’s why we are ranked in the Top Ten real estate teams in the entire State of VA (out of 30,000 agents.).

Each client is unique and our mission is “Changing Lives For The Better – One Family At A Time“.

Two more reviews from recent clients came in this past week. Here’s what they said about what it’s like to work with Top Realtors in Northern VA:

Working with Gail Belt meant working with a consummate professional. She was tireless, detailed, expert. I was an out-of-town seller, and among her standout qualities were: – Constant & thorough communication. – Knowledge of the market and our direct competition. – Instinct about buyers, their agents, their perceptions, their positions. – Superior negotiating ability. I’d also like to recognize the contributions of Patty who exhibited the attention to detail, focus, and excellent communications which are hallmarks of The Belt Team. ” Chris Duskin

I cannot thank The Belt Team enough for the assistance we received selling our home. Led by Gail, Patty, Christy, Kevin, Jerry, Terry and the other Belt Team members behind the scenes provided us with complete professionalism. The attention to details, the brochure, open houses, regular communication, etc etc truly made the process of selling our home as painless as possible. We can’t thank you enough!” Joanne and Steve Frank

If you’re ready to work with one of the best real estate teams in Northern VA – call (703) 242-3975 today! We’ll help you make the RIGHT move!

Search Homes For Sale in Northern VA On Our State-of-the-Art Search Site

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Downsizing Made Easy – 4 Tips To Simplify

The Belt Team works with many clients who are downsizing. (We like to call it “right sizing.”) There are a number of reasons people think about moving “down”:

Downsizing Your Home Northern VA Real Estate

Travel – Some of our clients downsize to a home that’s easier to maintain so they can travel more – visit grandchildren – or take those trips they’ve always dreamed of. This is not uncommon with empty nesters.

Health – Maybe your current home is just too much for you to take care of on top of whatever health concerns you are dealing with.

Financial Freedom – Some people bite off more than they can chew. Or their priorities change (or their job situation) and they don’t want to be tied down to a big mortgage payment.

Commuting Time – Buying a condo or townhouse closer to the city might be enticing after commuting an hour each way in order to have that single family home.

Age – Perhaps it’s time to move into a community where you can get the extra assistance you need and/or have more opportunity for recreation and cultural activities. And maybe it’s time for a place without stairs.

Here are 4 Tips To Simplify Downsizing:

1. Plan Ahead

Schedule appointments with your financial advisor, your Realtor and your lender. Each one will walk you through a variety of things you’ll need to either do or think about: cash flow, market conditions, important amenities, lifestyle changes, tax considerations & more.

And don’t wait until you HAVE to move. As soon as the thought crosses your mind – start gathering information. This will make it SO much less stressful when the time comes. My parents moved several years ago. After 30+ years in the same town, the move was emotional. They didn’t “have to” move at the time, but they were starting to think about things like stairs and maintenance of such a large home. Not long after they moved, Dad fell & became very ill. If they had still been living in the big house, his road back to “normalcy” would have been long extended. But since they were in their condo by that time, he was able to come home so much sooner. Looking back now, they are so happy they moved when they did.

2. Start Educating Yourself To The Market

Online searches are a great way to see what your money will buy AND see what range your current home might sell for. You may find you have to compromise some of your wish list or you might find your money buys more than you think.

3. Family Is An Easy Way To Simplify

If you have children (or grandchildren) who may benefit from some of the “things” you’re ready to let go of, but you’re not ready for them to leave the family; make family holidays a “shopping time”. Send each visitor home with a (re)gift! You could also enlist one of the younger generation to help you sell unwanted items on Craig’s List. Offer them a percentage of the sales – and you have a win-win. Less clutter for your home. And you’re helping teach entrepreneurial skills & hard work!

4. Open House Instead of Garage Sale

When my parents moved, they had an open house. It was like a garage sale, except the items were free. They were moving from a huge house where they entertained a lot – to a smaller condominium, and Mom had so many lovely things she just didn’t use any more. She wanted to know that they were going to someone who would enjoy using them the way she did. We set up tables and displayed all the items – silver platters, crystal, percolaters, linens. Mom invited folks over – a number of whom were friends in my generation. They were so excited. I still have a friend who talks about how awesome Mom’s turkey roaster is! (They don’t make them like they used to.) Not only did this help clear her house of clutter and make moving easier – it was also a nice way for Mom to connect with folks before she moved.

The Belt Team has helped hundreds of clients downsize. And some on our team have even downsized themselves! If “rightsizing” is in your future, give us a call today at (703) 242-3975. We are happy to meet with you and walk you through all kinds of helpful ideas to help you make the RIGHT move!

Search Homes For Sale in Northern VA On Our State-of-the-Art Search Site

FREE – How Much Is My Home Worth

The Belt Team’s Mission Statement is “Changing Lives For The Better“. if it’s time to change yours, call (703) 242-3975 today!

Downsizing Your Home

Open Sunday on Deerfoot Drive in Great Falls

Here’s your opportunity for a “like new” home – as close to new construction as you can get – but with a great resale price and on two gorgeous acres! Stop by to visit Belt Team Partner Beth Dadisman on Sunday, April 20th, at her open house at 10422 Deerfoot Drive in Great Falls from 1PM to 4PM.

List Price: $899,000

Home on 2 Acres Great Falls VA

Full interior & exterior photos, directions & more info about 10422 Deerfoot Drive.

Call (703) 242-3975 to schedule a showing.

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The Belt Team’s Mission Statement is “Changing Lives For The Better“. If it’s time to change YOURS, call (703) 242-3975!

Top Northern VA Real Estate Team

Open Sunday on Macy Avenue in Vienna

Sunday is a great day for a stroll around the neighborhood or a drive around town. So when you head out in Vienna, stop by to see Kevin Kleifges. He’ll be holding open 9506 Macy Avenue in Vienna from 1 to 4PM. And wait til you see this home. It just might be your dream come true!

Panopoulous Estates

Call (703) 242-3975 to schedule a showing.

Directions and more information about 9506 Macy Ave in Vienna

Call (703) 242-3975 to schedule a showing or  email The Belt Team for more information.

Search all homes for sale in Vienna


The Belt Team’s Mission Statement is “Changing Lives For The Better“. If it’s time to change YOURS, call (703) 242-3975!

The Belt Team Helps Buyers Find Homes Not On The Market