Fairfax Board of Supervisors plans special tax district to pay for planned Metro stations
Friday, December 11, 2009; 1:09 PM
The Fairfax County Board of Supervisors is moving to approve a special commercial tax district to help pay for three planned Metro stops in Northern Virginia.
The 10-member board this week unanimously adopted a plan to create the tax district for rail stops extending from Wiehle Avenue in Reston to Dulles International Airport and Route 772 in Loudoun County. The tax district will be formally approved Dec. 21, as required by state law.
The Western Alliance for Rail to Dulles, a nonprofit group made up of Fairfax landowners, recruited about 60 percent of affected landowners this fall to create the tax district, which would pay for $330 million in capital funding for the project.
The plan calls for an initial tax rate of 5 cents for each $100 of assessed value for commercial landowners. The tax rate would increase by 5 cents per year, to 20 cents per $100 of assessed value in 2013. Beyond that, the alliance says, the tax rate would remain below 25 cents.