UPDATE 3/3: County to Recalculate Home Assessments

Updated 3/3
According to this story in Saturday's paper, the county will recalculate the value of homeowners' properties. But the bottom line won't change. Only shifts between allocations of the the land value and the house of a property's overall value will be affected. The total taxable value of the property will remain the same.

Originally posted 2/29
In Fairfax County, some homeowners are facing a perplexing reality when they read their latest property assessments: Home values are still down, but the value of the land under the houses is escalating. Read more about it in this article from today's Metro section.

By Focus on Fairfax |  February 29, 2008; 11:35 AM ET  | Category:  Economy, Taxes
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