Rapidly Rising Assessments May Be Over

After six years of rapidly increasing housing assessments rates -- Fairfax assessments grew by more than 20% in 2006 -- government officials are predicting that assessments should grow only one to three percentage points in Fairfax County next year. The news is likely to be welcomed by homeowners but will pose challenges for government budgeters.

Washingtonpost.com reader, vickreal seems unimpressed. In comments attached to the story, vickreal writes, "To think that N Va municipalities will have to scrape by on a budget that is only about double what it was five years ago brings a tear to my eye."

What's your take?

By  |  July 11, 2006; 10:03 AM ET  | Category:  Economy, Taxes , Housing
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