[Archived] Alexandria City Council Sets Potential 2014 Real Estate Tax Range

• Alexandria City Council authorized advertising 2014 a real property tax rate of up to $1.043 per $100 of assessed value, a potential increase of one half cent over the current tax rate of $1.038.

• Visit alexandriava.gov/Budget  

On March 11, the Alexandria City Council voted to authorize advertisement of the maximum potential residential and commercial real property tax rates it will consider for the 2014 calendar year. Based on Council’s actions, the base real estate tax rates could be raised by a maximum of one half cent per $100 of assessed value, up to $1.043 from $1.038. City Council could also set any rate below $1.043, including making no change to the 2013 rate. State law requires City Council to advertise the maximum rate it will consider during the budget process. The personal property tax rate on vehicles and business tangible property tax rates would remain unchanged regardless of any change in the real property rate.

No decision has been made yet on what the adopted rate will be. A public hearing on the ordinance establishing the real property tax rate will be held on Saturday, April 12, at 9:30 a.m., in City Council Chambers, City Hall, 301 King St. City Council will determine and vote on a final real property tax rate when it adopts the Fiscal Year 2014-2015 Operating Budget and Capital Improvement Program on May 1.

If City Council were to authorize a one half cent increase to $1.043 per $100 of assessed value, the average residential tax bill would increase by $230, or 4.7% percent, when compared to 2013. The City’s real estate tax rates would still be the second lowest in the Northern Virginia region, even if the maximum tax rate increase is approved.