DISQUS

DISQUS Hello! OpenMarket.org is using DISQUS, a powerful comment system, to manage its comments. Learn more.

Community Page

OpenMarket.org

Jump to original thread »
Author

Virginia Taxes Skyrocket

Started by cordblomquist · 10 months ago

Over the past decade, property taxes in Northern Virginia have skyrocketed along with assessments. Taxes have increased to the point that taxes in Northern Virginia are scarcely any lower than in Washington, D.C. Marc Fisher has a column today in the Washington Post noting that taxes in D.C. ... Continue reading »

2 comments

  • R. Richard Schweitzer

    1 year ago

    A few years back, as an owner of some of that vaunted N.VA. Real Estate (still am, but it is on the market) I proposed that collection of a portion of the tax arising from increasing assessments, be deferred until sale or disposition of the property when the TRUE value would be known and realized. Every property would have a tax reserve acct in the county records. If the tax reserve on assessed value exceeded the realized value at sale the added tax would be eliminated or reduced. If greater, they now get it in the "Congestion Tax."
    reply
  • R. Richard Schweitzer

    1 year ago

    P.S. That would be great discipline fot the county commisioners in slending and setting budgets. Those assessments would not result in toatlaly spendable revenues.
    reply

Add New Comment

Returning? Login