Learn How the Real Estate Tax Rate Plays a Role in the Add/Delete Process

Page updated on December 6, 2024 at 5:20 PM
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In the weeks following City Manager James Parajon’s presentation of the Fiscal Year (FY) 2025 Proposed Budget to the City Council and community, the City’s elected body has held several work sessions with City leaders to assess the current state of the City’s resources and programs. These conversations, along with feedback from the community during hearings and other engagements, inform councilmembers’ FY 2025 funding priorities. 

In March, Council voted unanimously to set a real estate tax rate of up to $1.15 per $100 of assessed value; 4 cents above the current rate. This advertised max tax rate is the highest rate Council can adopt this budget process—meaning, they have up to an additional 4 cents of new revenue to fund any new programs or resources they deem necessary in the final budget.  

The next milestone in the budget process is the Add/Delete period. This is the time Council, based on the ongoing discussions and work sessions, “adds” or “deletes” programs, services, or resources in the budget ahead of the final adoption on May 1.  

Feedback from the community is critical to the budget process. The Add/Delete Public Hearing is on Saturday, April 13. All Alexandrians- homeowners, renters, established residents, and those new to Alexandria are encouraged to sign up and speak.  

Opportunities to Engage   

Before the maximum real estate tax is adopted, Alexandrians can also provide feedback through the Public Comment Form until April 29.   

Public Hearings   

To provide feedback on the proposed plans, attend one of the public hearings below. All events will be held in person and virtually.     

 Listening Sessions   

For more information about Alexandria’s budget process and events, please visit alexandriava.gov/Budget.  

For reasonable disability accommodation, contact Anna.McClure@alexandriava.gov.  

If you prefer communication in another language, free interpretation and translation services are available to you, please email LanguageAccess@alexandriava.gov or call 703.746.3960.