Northern Virginia Governments Release FY15 Budget Proposals
In anticipation of this Spring’s public hearings, several Northern Virginia localities have released copies of their proposed Fiscal Year 15 budgets, including the proposed residential and commercial real estate tax rates for the coming year. View these proposals and the related budget meeting information at:
Latest Tax Reform Proposal Raises Red Flags for Homeowners
On February 26, 2014, the Chairman of the House Ways and Means Committee, Dave Camp (R-MI) released his long-awaited discussion draft for comprehensive reform of the tax code. Though NAR does not expect legislation on tax reform to move forward in this Congress, they did provide strong comments on the draft:
“We are extremely disappointed with several of the provisions contained in U.S. House Ways and Means Chairman Dave Camp’s tax reform draft released today, namely proposed limits on the mortgage interest deduction and capital gains, and the repeal of deductions for state and local property taxes. These proposed changes to the taxation of real estate will impact every single American, either directly or indirectly.”
To read more about the proposal and NAR’s advocacy on the issue, click here.
Fairfax to Host Two Meetings on Residential Studios
The last two meetings on Fairfax County’s proposed Residential Studios Ordinance will take place in March. They will be held at the Fairfax County Government Center, 12000 Government Center Parkway in Fairfax on:
March 3, 2014, at 7:00 p.m., Conference Rooms 4/5
March 26, 2014, at 7:00 p.m., Shared Conference Room 120C (inside the cafeteria)
Tysons Development Annual Report Now Available
The 2013 Report to the Board of Supervisors on Tysons provides monitoring data and updates on the progress of implementing the vision for Tysons contained in the Comprehensive Plan for Tysons. The report covers activity related to Tysons from the Plan adoption in June 2010 through September 2013. Click here to view the report.