Alexandria City Council to Consider Real Estate Tax Rate Increase of Up to Four Cents for 2013

WASHINGTON, D.C. – March 14, 2013 – (RealEstateRama) — On March 12, the Alexandria City Council voted 7-0 to authorize advertisement of the maximum possible real (residential and commercial) property tax rates it will consider for the 2013 calendar year. Based on Council’s actions, the base real estate tax rate could be raised by a maximum of four cents, up to $1.038 per $100 assessed value. City Council could set any rate below the maximum of $1.038. The tax rate on tangible personal property, such as vehicles, boats and trailers, is proposed to increase from $4.75 to $5.00 per $100 of assessed value. The personal property tax rate on business equipment and other types of vehicles is not proposed to change