Washington Post
LikeOn May 20th I wrote that Fairfax County was considering a program, dubbed “Silver Lining”, to purchase foreclosed properties and convert them into affordable housing for teachers, firefighters, and police officers who otherwise would not be able to qualify financially for homes in the county. Using county loans, the buyers could purchase the properties directly from [...]
Continue reading about Fairfax County Approves Program to Buy Foreclosed Homes
LikeYesterday, the Virginia Supreme Court ruled that the creation of a regional transportation authority to levy taxes was unconstitutional. The tax that the Northern Virginia Transportation Authority had imposed raised the ‘grantors tax’ paid by home sellers in Northern Virginia from $1 per thousand of the sales price or assessed value (whichever is higher, of [...]
Continue reading about Say Goodbye to the “Goodbye Tax”! (Updated)
LikeLoudoun County Administrator Kirby Bowers has proposed a $1.2 billion operating budget for Fiscal Year 2009, which includes raising the tax rate by 25.6 cents. This would raise property tax rates to $1.216 per $100 of assessed value; the current rate is 96 cents. Which means that although many homeowners saw their assessments drop to [...]
Continue reading about Bowers Proposes $1.2 Billion Operating Budget, with 13.6% Tax Rate Hike
