April 22, 2021 12:15 PM by Nicholas F. Benton
Jeannette Chapman, with Stephen F. Fuller, at a presentation in 2017. (Photo: Courtesy Stephen F. Fuller Institute via Twitter)
This Monday, the Falls Church City Council is scheduled to adopt its Fiscal Year 2022 budget, and while former years saw struggles over trying to hold the line on real estate tax rate increases, the opposite is true this year. It’s not a question of whether, but how much the rate will be cut below its current $1.355 per $100 assessed valuation rate.
City Manager Wyatt Shields initially recommended a one-cent reduction, which given the robust increases in real estate assessments reported in February, will still mean significantly increased dollar sums for most City property owners. Now, he’s going to present an option for a two-cent cut.