Its’ that time of year, when the feds, state, and local government’s prepare their budgets for the coming fiscal year. Each year we hear different claims about the relative wealth and tax burden borne by residents in our jurisdictions, with the statistic cited generally the one that supports the argument of whomever is asking for more money.
The chart below lists income and taxation data about Alexandria, Arlington, Fairfax, Falls Church, Fauquier, Loudoun, Manassas, Manassas Park, Prince William, Spotsylvania, and Stafford.
For Prince William County in 2012:
- The median home value was $330,770, the real tax rate was 1.209 per $100 of assessed value, and the median household income was $96,160.
- The calculated real property tax from that home value & rate was $3,998
- Real property tax, as a percentage of median household income, was 4.16%
When compared with neighboring counties and cities, Prince William County had :
- the 3rd highest real property tax rate at 1.209 per $100 of assessed value
- the 6th highest household income level and real property taxes at $96,160 and $3,998, respectively
- the 4th lowest real property tax as a percentage of household income at 4.16%
The chart below lists the average and starting salaries for public school teachers in Alexandria, Arlington, Fairfax, Falls Church, Fauquier, Loudoun, Manassas, Manassas Park, Prince William, Spotsylvania, and Stafford for the 2012 – 2013 school year.