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][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]

Well, that is based on how many children are expected to live in an apartment building vs. a SFH . Even if they are assuming 2 children for each 2 bedroom apartment, the apartment buildings in my area seem to have WAY more children than that per apartment. So the tax is based on an assumption of "normal" living situations, not the current overcrowding of several families per apartment. A SFH might average one or two children. One garden-style apartment building in our area can fill two school buses.[/quote]

What are you talking about?

Real estate taxes in Fairfax County are based on assessed value of the property.  They don't assume any living situations, normal or otherwise.

Do you think I can get my real estate taxes reduced by telling the DTA that it was vacant for a year and no one lived there?  The answer is no, no I can't.  The tax is not based on what you think it is based on.[/quote]

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