Reply to FCPS demographic changes are largest cost increase besides salary. explain it.

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Reply to "FCPS demographic changes are largest cost increase besides salary. explain it."

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[quote=Anonymous][quote=Anonymous]

The yield formulas impact how much real estate taxes the owners are charged, so it does make a difference.[/quote]

Really?  This is news to me.  Do you have cites / sources?

As far as I know, Fairfax bases it real estate taxes on a base rate x (value of land + improvements), plus special charges for certain specific tax districts (like Reston CC, McLean CC, etc.).  Nowhere does it talk about "yield."  Now obviously a 3BR apt occupying the same sqft as a 2BR next door will have more RE taxes because its assessed value is higher, but that's not directly a yield issue.

Maybe you know more than me - I don't own an apartment building.  Maybe you're just wrong.

As an aside, low rise garden apartments pay 16x more than SFHs in real estate taxes per acre.  High rise apartments/condos pay 116x more in real estate taxes than SFH per acre.  If you want more real estate taxes for schools, you want more apartment buildings.  Too bad that doesn't play into your narrative.

Facts here: http://www.baconsrebellion.com/PDFs/2013/02/McKeeman.pdf [VT master's thesis, 2012.  Not mine.]  [/quote]

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