On Tuesday, May 7th, 2024 the Board of Supervisors gave its final approval for the FY 2025 budget.
The final budget includes a 3-cent increase in the Real Estate Tax Rate, from $1.095 to $1.125 per $100 of assessed value. The average residential tax bill will increase by approximately $450. This increase is lower than the 4-cent increase that was in the original budget proposal.
Click Here to see all the details on the FY 2024 budget.
If you have questions about your assessed value, the market value of your home or are thinking of buying or selling a home, give The Belt Team a call (703) 242-3975. We are happy to help you make the right move!
Northern Virginia Real Estate Blog 