Fairfax Supervisors Assess the Damage
Fairfax County homeowners, facing an average 3 percent decline in the value of their properties, can take some solace--a bit, anyway--in the fact that the Board of Supervisors are taking a bigger hit.
Property assessments released this week show that board members are looking at an average 8.2 percent drop in their home values. Supervisor Linda Q. Smyth (D-Providence) took the biggest dip, losing 22.8 percent on her three-bedroom, brick home on Hideaway Road, which is now assessed at $541,030. Chairman Gerald E. Connolly's (D-At-Large) Mantua Drive home lost 9 percent, bringing it to $725,650.
Some had more to lose than others. Supervisor John W. Foust (D-Dranesville) dropped more than $400,000--nearly 11 percent--from his six-bedroom home on Swinks Mill Court in McLean, which was valued last year at $3.9 million.
February 26, 2008; 5:13 PM ET
Categories: Bill Turque , Fairfax County Board of Supervisors
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