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Conservation status cut Youngkins farm tax bill by 95%

Conservation status cut Youngkins’ farm tax bill by 95% GREAT FALLS, Va. – Republican Virginia gubernatorial nominee Glenn Youngkin and his wife cut the real estate tax bill on their horse farm when they successfully petitioned Fairfax County to designate the more than 30-acre property around their Great Falls home as agricultural property, the Richmond Times-Dispatch reported. The change reduced the farm’s bill by nearly $152,000 in 2020 and 2021 combined, according to information provided to the newspaper by the county’s Department of Tax Administration. The seven parcels making up the farm were assessed at more than $6.8 million last year, but with the agricultural district rate, the assessment dropped to $376,900.

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