Real Estate Provision In Transportation Package Could Be Used

August 8, 2007

Fairfax County could be the first northern Virginia county to take advantage of a provision in the state's transportation package that would allow them to increase commercial real estate taxes to fund local projects.

The Fairfax County Board of Supervisors plans to vote next month on a proposal to raise the tax on retail, office and warehouse properties to pay for up to $110 million a year in transportation improvements.

The money would allow the county to pursue long-delayed road projects and pedestrian safety improvements and to consider a rail line to Centreville.

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