The City real estate TAX RATE has INCREASED 47% since 2007. This cost about $2,000 for the average Fairfax household.
The economy is still sluggish. City households and businesses have to live within their budgets, but the City SPENDING has INCREASED year after year.
The assessed values of our homes have finally INCREASED. This improved value is good news if you are selling your home, but it causes our taxes to INCREASE - even without any change to the tax rate.
Yet our REAL ESTATE TAX rate has dramatically INCREASED with another big increase planned for this year (from $0.94 to $1.08 in just 5 years). These huge tax hikes on top of increased values cost the average City family more than $1,000 in just two years.
Other City taxes have also increased. In 2008 the City doubled the MEALS TAX from 2% to 4%. This drives customers away from our City businesses, especially when the County has no meals tax. The extra tax hits all of our wallets, but especially those with tight budgets.
The City also has one of the highest BUSINESS TAX rates in the region and THE HIGHEST tax on small businesses. In order to attract and retain companies to our City, we must be competitive in the market place of local choices.
In addition, the City's DEBT is the highest in the region with a debt for nearly $8,000 for every person in the City.
If I am elected to a second term on City Council, I will continue to dedicate my time and experience to reducing the tax rates and tightening the budget. I will never forget that it's YOUR money.
* City figures from City of Fairfax Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2015.