NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE-2025

The City of Fairfax proposes to increase real property tax levies.

1. Assessment Increase: Total assessed value of real property, excluding additional

assessments due to new construction or improvements to property, constitutes an

increase of 6.46 percent to last year’s assessed value of real property.

2. Equalization Tax Rate Necessary to Offset Increased Assessment: The tax rate which

would levy the same amount of real estate tax as last year, when multiplied by the new

total assessed value of real estate with the exclusions mentioned above, would be

$0.9629 per $100 of assessed value for residential properties and $1.0237 per $100 of

assessed value for commercial properties. The combined tax rate which would levy the

same amount of real estate tax as last year would be $0.9843 per $100 of assessed

value. This rate will be known as the “equalized tax rate.”

3. Effective Rate Increase: The City of Fairfax proposes to advertise a tax rate of $1.150

per $100 of assessed value, which is a $0.120 (12.0¢) increase from the current rate of

$1.030. The difference between the equalized tax rate and the proposed tax rate would

be $0.1657 (16.57¢) per $100, or 16.83 percent. This difference will be known as the

“effective tax rate increase.” Individual property taxes may, however, increase at a

percentage greater or less than the above percentage.

4. Proposed Total Budget Increase: Based on the proposed real property tax rate and

changes in other revenues, the total general fund budget of the City of Fairfax will increase

from last year’s budget by 14.6 percent.

A public hearing on any increase will be held on April 22, 2025, at 7:00 p.m. in Council Chambers, City Hall Annex, Room 100, 10455 Armstrong Street, Fairfax, Virginia 22030.

Melissa Shinaberry City Clerk

Ad Run Date: March 21, 2025

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