For Immediate Release: March 11, 2021
On March 9, the Alexandria City Council voted unanimously to consider a 2021 calendar year real estate tax rate of up to $1.13 per $100 of assessed value. The real estate tax rate City Council eventually adopts could be lower or the same as the current rate of $1.13, but cannot be higher. No increase will be considered for the tax rates on personal property (vehicles) or business tangible property.
On February 16, City Manager Mark Jinks proposed a Fiscal Year (FY) 2022 Operating Budget that funds 100% of City government and Alexandria City Public Schools operating costs at the proposed tax rate of $1.11, which is a 2-cent tax rate decrease from the current rate of $1.13. By advertising the $1.13 rate, City Council created flexibility in the tax rate setting decision and will be able to consider operating budget and capital investment priorities that are currently not funded in the City Manager’s proposed budget.
If City Council adopts the real estate tax rate in the proposed budget of $1.11 for 2021, the average residential tax bill would increase $252, or 3.8%, when compared to 2020 residential tax bills. If City Council adopts the maximum real estate tax rate of $1.13 for 2021, the average residential tax bill would increase $375, or 5.7%.
A decision has not yet been made about the adopted tax rates. City Council will adopt final rates in conjunction with adoption of the FY 2022 budget on May 5. A virtual public hearing on the ordinance establishing the real estate tax rate will be held on Saturday, April 17, at 9:30 a.m.
Visit alexandriava.gov/Budget for more information about the FY 2022 budget process.
For inquiries from the news media only, contact Andrea Blackford, Senior Communications Officer, at andrea.blackford@alexandriava.gov, or 703.746.3959.
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