Property Tax Rate Cut in Fairfax City?

From today's Washington Post:

Fairfax City Manager Robert Sisson proposes trimming the city's real estate tax rate by 7 cents to contain property taxes. The assessed value of property increased by 21 percent last year.

Under the $119.1 million budget proposed for the fiscal year beginning July 1, homeowners would pay 74 cents for each $100 of assessed property value. They now pay 81 cents.

By  |  March 17, 2006; 10:33 AM ET  | Category:  Economy, Taxes
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