Falls Church’s City Hall sent out a press release today stating that real estate assessments in the City of Falls Church were down 2.5% overall for 2009.
Assessments, the strike team, and the continuing gloomy financial outlook were on tap as the Board of Supervisors met all day Saturday for a budget workshop at the Fairfax County Government Center.
As expected, residential real estate assessments in the City of Falls Church, announced late yesterday, tanked this past year, down an average 5.5% for single family homes, and 6.5% for residential condominiums.
The phones started ringing and e-mail traffic picked up Tuesday afternoon, just about the time reassessment notices first appeared in homeowner’s mailboxes. As predicted, most homeowner assessments decreased overall, but it was how they declined that shocked taxpayers and the Board of Supervisors alike. Land values went way up, and […]