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Should Residents Pay Taxes For Project To Be Completed 40 Years From Now?

8:14 AM, Jan 10, 2013   |    comments
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TYSONS CORNER, Va. (WUSA) --  The Fairfax County Board of Supervisors voted Tuesday to increase property taxes on Tysons residents and developers. The board voted to create a tax zone which includes a 10 percent hike to help pay for a green, walkable, mass transit-friendly urban center. This vote has some residents up in arms.

We all know the construction headache commuters are dealing with in the Tysons Corner area in the name of progress.  Now, you can add higher taxes in the name of progress.

The board of supervisors approved a tax zone which will help raise $230 million. Landowners in the area will pay up to seven cents for every $100 of their property's assessed value for the next 40 years. Opponents say the tax will hurt Tysons future growth.

The chairman says right now a law in the General Assembly does not allow them to separate commercial and residential taxpayers, but the board of supervisors will work with lawmakers to try to lessen the burden on homeowners. Without intervention, homeowners will be paying more taxes this time next year.

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