The Fairfax Board of Supervisors “marked up” their budget for FIscal Year 2011 today, having settled on a real estate tax rate of $1.09 per $100 of assessed valuation, or a five cent increase over this year’s rate. For the average homeowner, the increase is more than offset by a drop in assessed values, such that there will be a net reduction in the tax bill of $26.93. The budget also establishes a $33 per vehicle registration license fee. The final adoption of the budget will occur next Tuesday, April 27.
