We want to protest the increase in the current rate to $1.1275 from the previous $1.1060. We feel there is no justification for this increase. We have had increases in our real estate taxes that have almost doubled the inflation rate for the last seven years as noted on the chart below.
YEAR ASSESSED VALUE OF PROP. RATE REAL ESTATE TAXES PAID
2014 $671,360 * $1.1275 $7,570
2013 $623,510 * $1.1060 $6,896
2012 $602,700 * $1.0960 $6,606
2011 $567,580 * $1.0860 $6,163
2010 $536,150 * $1.1060 $5,930
2009 $568,950 * $1.0510 $5,923
2008 $624,530 $1.0410 $5,752
Projected based on the latest proposed tax rate increase for 2014
In the past seven years, as you can see by this chart, our real estate taxes have increased from $5,752 to a projected $7,570 for 2014 for a whopping 24.0 percent increase. For the same period of time, inflation increased 13.1 percent as reported by the U.S. Bureau of Labor Statistics (they reported for the first two months of 2014 a rate of 1.3 percent, 1.5 percent for 2013, 2.1 percent for 2012, 3.2 percent for 2011, 1.6 percent for 2010, minus 0.4 percent in 2009, and 3.8 percent in 2008). These statistics show that our real estate taxes have increased almost twice the inflation rate for that seven-year period. This is outrageous. Our current assessment increased this year by 7.1 percent. It appears that with the proposed tax rate of $1.1275 (which includes the storm water tax) and, as you can see by the chart, our real estate tax could increase this year by 8.9 percent over last year which is almost seven times the current inflation rate.
According to the Fairfax County Taxpayers Alliance (FCTA), the residential real estate taxes increased $3,200 between FY2000 and FY2015. This simply means that, during this period, inflation increased 50 percent while the residential real estate increased 133 percent or more than twice the inflation rate. These figures include the storm water tax. How can you really justify increasing real estate taxes more than twice the rate of inflation? For decades, the County Board has been raising the budget and taxes more than twice the inflation rate.
In conclusion, we feel that the rates should be rolled back to $1.03, the amount needed to offset the increase in residential assessments according to the FCTA. We look forward to your comments.
Charles McAndrew and Linda McAndrew, Oak Hill