Your At Home Team Blog

New Real Estate Property Tax Rates

Effective July 1, 2017

The residential real estate tax rates have been published for the majority of Northern Virginia. Below we have provided a list of the new rates by jurisdiction:

City of Alexandria $1.13
Arlington County $1.006 + $0.125 for commerical properties
City of Fairfax $1.0645 + $0.095 for commerical properties
 (Old Town Serv. Dist. +$0.06 per $100)
Fairfax County $1.13 + 0.125 for commerical properties
City of Falls Church $1.33
Town of Herndon $0.265 + Fairfax County tax
Loudoun County $1.125
Prince William County $1.125
Town of Vienna $0.225 + Fairfax County tax

Rates are for FY 2017-2018. All rates are per $100 of assessed

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Will I Owe Capital Gains Taxes?Homeowners can feel anxious about the possibility of owing capital gains taxes on an upcoming home sale. If you or someone you know is concerned about owing capital gains tax on the sale of a home, the following information offers helpful information and proactive advice.  

If you're wondering how your exact situation fits in with capital gains rules and exemptions, consult with a tax or legal professional.

Understanding Capital Gains

By definition, a capital gain refers to an increase of a capital asset's value, such as a home or other parcel of real estate, over its original purchase price. Capital gains are not realized until the home or parcel of real estate is sold, meaning that it is generally considered a long-term capital gain, as

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Did you know that The National Trust for Historic Preservation and the Arcadia Center for Sustainable Food and Agriculture are returning over 100 acres of the Woodlawn property to sustainable farming.

Bring the family to historic Woodlawn Plantation on Sunday, June 5th to enjoy live entertainment, activities for children, food tastings, and demonstrations. The event will be held between 12:00 - 4:00 p.m. on Sunday. Enjoy some fun and learn how you can do your part to make the world a little greener! Admission is FREE!!

Event date: Sunday, June 5th

Event time: 12:00 - 4:00PM

 

 

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The majority of Northern Virginia home owners will find their residential real estate property taxes have increased for FY 2011-2012. Below is a list of the new rates by jurisdiction:

City of Alexandria $0.998
Arlington County

$0.958 + $0.125 for commercial properties

Town of Clifton $1.07
City of Fairfax $0.965
Fairfax County

$1.07 + $0.11 for commercial properties

City of Falls Church $1.27
Town of Herndon $0.265 + Fairfax County tax
Loudoun County $1.285
Prince William County $1.204
Town of Vienna $0.2421 + Fairfax County tax

Rates are for FY 2011-2012. All rates are per $100 of assessed value.

*Information provided by NVAR.

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Mortgage Payment Frequently Asked Questions After you buy a home and have a mortgage loan, obviously you are expected to make monthly payments to pay it back. But often, there are other charges on the monthly mortgage statement that new homeowners may not be familiar with.

Below are many of the most frequently asked questions about mortgage payments. The information details some of the more common terms & charges that may be associated with your monthly mortgage payment, how those expenses may be determined, and whether or not they will change over time.

Have questions about your mortgage? Always consult with your mortgage lender for advice specific to your needs.

Contents

  • 1. Mortgage Principal
  • 2. Principal Information
  • 3. Interest Only
  • 4. Adjustable Rate
  • 5.
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South Alexandria refers to those portions of Fairfax County with an “Alexandria” mailing address just off the GW Parkway. Some of the communities included in this area are Belle Haven, Belle View, Hollin Hills, Villamay, Hollin Hall, Waynewood and Stratford.

Contract activity for condos declined slightly while contract activity for detached property and attached homes increased nearly 4% in the 4th quarter of 2012 compared to the same period in 2011. The average days on market for properties priced under $1,000,000 declined while average sales price increased.

For buyers, interest rates remain at or near historic lows and with the recently approved increase for VA loan limits; it is a great time to buy affordable housing.

Sellers are experiencing

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According to their website, the Fairfax County Board of Supervisors has authorized advertisement of a real estate tax rate for FY 2014 of $1.095 per $100 of assessed value. The current FY 2013 rate is $1.075. Advertising an increase in the rate does not prevent the board from lowering any advertised tax rate, but a higher tax rate cannot be imposed without advertising the higher rate. Each one cent increase in the real estate tax rate impacts the average residential taxpayer’s annual bill by approximately $47.00.  Click here for the link to the Fairfax County site to learn about public hearings, town hall meetings, and online options.

Additional changes in taxes are also being proposed by the Board of Supervisors. Click here to see the table of

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We're Getting a New Look

We are upgrading our Your At Home Team site to give you the best viewing experience possible. The design is fully responsive and takes into account new technology such as new browsers (IE 9, Chrome) and of course the rise of mobile devices (including iPads). Here is a peak preview:

 

We have also added more communities and features. Check back soon to see what else we have in store. In the meantime, we are here to assist you with your buying and selling needs.

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Christmas on the Potomac - visit National Harbor this year. If you want to take your family to see the Gaylord National's ICE show, here is your chance to get discounted tickets for the entire family from LivingSocial. There are only six (6) days remaining.

Also, celebrating their 26th anniversary Water-skiing Santa and Kneeboarding Reindeer will be performing at National Harbor as well on December 24th at 1:00PM. Lots of fun for the kids!

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smartphone_216We will soon be releasing our mobile platform, giving users the ability to search for Alexandria homes for sale on all Smartphones, like iPhones and Androids that have data access. You’ll have the ability to locate listings near your location or search the entire Northern Virginia MLS, all the while sitting in front of a listing or driving around neighborhoods.

Here are some of the primary features:

checkmark2_40Search by Community, Price, Days on Market and more

Advanced Search Capabilities, just like our web site

View Photos and Property Detail

Browser Based: NOT an App

Save Searches & Mark Favorites Quickly

Contact Agents Quickly

This mobile feature has a similar design and look to our website and gives you access to your saved favorites and

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