Taxes.
Let's face it, they are a fact of life.
Any economist will tell you that taxes play an important role in people's economic decisions.
Thus, those of you searching for homes in Northern Virginia need to be aware of the property tax rates in the various local jurisdictions.
The list below shows the current tax rates for the various areas of Northern Virginia (all rates are per $100 of assessed value):
AREA TAX RATE
City of Alexandria $0.903
Arlington County $0.865 + $0.01 sanitary district fee
Town of Clifton $1.04 + $0.01 stormwater fee
City of Fairfax $0.88
Fairfax County $1.04 + $0.01 stormwater fee
City of Falls Church $1.07
Town of Herndon $1.30 + $0.01 stormwater fee
Loudoun County $1.245
City of Manassas $1.35
Manassas Park $1.65
Prince William County $1.212
Town of Vienna $1.2681 + $0.01 stormwater fee
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Rate plus assessment and Alexandrians are getting clobbered!
Talk about clobbered! Douglas and Sarpy counties in Nebraska run 2.14 to over 3 per $100. More like robbery. Try explaining these taxes to new comers! Yikes!
Taxes on a house in my neighborhood that is assessed at $142,682 are $3118. a year. (@2.174253)
Often our taxes cause home buyers to buy less house so they can afford the taxes. It is something we have to consider.
That is high, Donna, but the average home price in Alexandria is near a $mil I think...