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Sun Gazette VOLUME 40
GREAT FALLS McLEAN OAKTON TYSONS VIENNA
NO. 22
FEB 28-MAR 6, 2019
Fairfax Home Assessments Rise Modestly The average assessed value of singlefamily homes across Fairfax County increased 2.2 percent while the average assessed value of all residential property rose 2.4 percent from 2018 to 2019, according to new figures. Three-quarters of all residential property countywide saw an increase over the year, based on figures reported Feb. 19. The average assessed value of single-
family homes increased to $673,407, a jump of 2.17 percent, while the average assessed value of attached homes (townhouses and duplexes) was up 3.12 percent to $422,490 and the average assessed value of condominiums was up 2.98 percent to $272,914. Counting all three segments of the market, the 354,695 taxable residential properties across Fairfax county had an average
assessment of $562,601, up 2.36 percent. The figures are generally in line with the current state of the real-estate market in Northern Virginia, which saw modest year-over-year increases in sales prices from 2018 to 2019. Increases were relatively even across the county’s nine magisterial districts, most in the 2-percent area. Average increases ranged from 1.54 percent in Dranesville to
3.04 percent in Braddock. On the commercial side, the average assessment increased 2.71 percent from 2018 to 2019. Assessments represent half of the equation in determining annual tax bills; the Board of Supervisors later in the spring will set the 2019 real-estate tax rate, which will provide the other part of the equation.
RELATED: County Executive Bryan Hill proposes budget with no increase in tax rate for 2019. See coverage inside on Page 9.
McLEAN DROPS OAKTON ON COURT McLean High School’s Matias Prock attempts to split Oakton defenders Carson Kabance, left, and Max Wilson in a 6D North Region Tournament first-round playoff game. Oakton coach David Brooks looks on. McLean won the contest, but lost in the next round. See full coverage in Sports and a slide show of photos from the game at www.insidenova.com/ news/fairfax. PHOTO BY DEB KOLT
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