Fairfax Assessments
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· Average value of residential property: down 0.33 percent.
· Average yearly real estate tax bill: $4,830, down $16.
· Tax rate: $89 cents for each $100 of assessed value. No change.
· Average value of a single-family home: $635,566, down 0.43 percent.
· Commercial property assessed value: up 13.57 percent.
Average assessed value of residential property, by area of county:
| Area | 2006 average | 2007 average | % change |
| Alexandria | $452,034 | $457,498 | + 1.21 % |
| Annandale | $474,299 | $469,457 | - 1.02 |
| Burke | $463,818 | $462,352 | - 0.32 |
| Centreville | $434,123 | $434,492 | + 0.08 |
| Chantilly | $501,767 | $497,989 | - 0.75 |
| Clifton | $681,726 | $685,221 | + 0.51 |
| Fairfax | $502,643 | $493,509 | - 1.82 |
| Fairfax Station | $767,937 | $744,481 | - 3.05 |
| Falls Church | $450,143 | $447,891 | - 0.50 |
| Great Falls | $1,101, 518 | $1,113,961 | + 1.13 |
| Herndon | $505,671 | $497,492 | - 1.62 |
| Lorton | $408,594 | $419,178 | + 2.59 |
| McLean | $815,790 | $827,455 | + 1.43 |
| Oakton | $718,971 | $715,958 | - 0.42 |
| Reston | $445,952 | $433,864 | - 2.71 |
| Springfield | $455,105 | $453,455 | - 0.36 |
| Vienna | $635,971 | $629,721 | - 0.98 |
Source: Fairfax County Department of Tax Administration
