F.C. Personal Property Tax Revenues Down

The second quarter (Oct.-Nov. 2014) financial report for the City of Falls Church released by Chief Financial Officer Richard LaCondre Monday showed personal property tax receipts for the year to date down by 4.3 percent below projections and 1.77 percent below last year. But in the big number, real estate property taxes were reported to be over projections by 3.3 percent and over last year by 6.4 percent, and LaCondre told the F.C. City Council at its work session Monday that real estate assessments, due out the middle of this month, should show only a 3 to 4 percent increase.