Fairfax County Budget Proposes $26.5 Million To Preserve And Promote Affordable Housing

Fairfax County residents will have to pay higher taxes in the future if Executive Bryan Hill gets his way. On Tuesday, Hill asked the board of supervisors to raise real estate taxes and levy a new tax on movie, theater and concert tickets. According to Hill 2021 budget calls for increasing the real estate tax rate by 3 cents to $1.18 per $100 of assessed value. He estimates the increase would raise the average tax bill about $346.

According to wtop.com, “Two-thirds of the higher taxes would go to the General Fund, and one-third — about $26.5 million — would be set aside to preserve and promote affordable housing. The increased taxes would provide higher funding for the public school system and funding for police body-worn cameras. Hill is also asking for the county’s first-ever admissions tax — a 4% tax on the movie, theater, concert, and sporting event tickets and entrance fees to museums and gardens. The admissions tax that would take effect in October would generate some $2.31 million to help fund Wolf Trap, The Fairfax Symphony, and other arts and tourism.”

As per wtop.com, “In a statement to the board of supervisors accompanying his budget proposal, Hill spoke of the need to spend more on employee compensation, affordable housing, education, and environmental stewardship. “Unfortunately, we cannot provide appropriate levels of funding in these areas with no adjustments to our tax rates,” Hill said. The higher taxes and spending proposals are viewed favorably by the board of supervisors Chairman Jeff McKay.”

Properties in Fairfax County

$1,300,000: 1034 Towlston Rd

1034 Towlston Rd

Beds: 5 / Baths: 4 full, 1 half baths / Living Area: 4,335 sqft

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    Maryam

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    Maryam N. is a Senior Writer at Nesbitt Realty. She is an expert on Fairfax County. Maryam has also worked previously as a geologist. She is a foodie and enjoys cooking and exploring new restaurants.