City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 2, 2025
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: KENDEL TAYLOR, DIRECTOR OF FINANCE
DOCKET TITLE:
TITLE
Final Passage of an Ordinance on the Proposed Real and Personal Property Tax Rates and Proposed Effective Tax Rate Increase for Calendar Year 2025 (Fiscal Year 2026). [ROLL-CALL VOTE]
BODY
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ISSUE: Consideration of the Real and Personal Property Tax Rates for Calendar Year 2025 (Fiscal Year 2026).
RECOMMENDATION: That City Council:
(1) Pass this proposed ordinance on first reading after establishing the tax rates to be advertised for residential and commercial real property and personal property; and
(2) Schedule this ordinance for second reading and public hearing on Tuesday, April 8 and final passage on Wednesday, April 30.
The maximum rates authorized by City Council in the attached ordinance reflect:
A base real estate tax rate on residential, commercial and industrial property for
calendar year 2025 of $ _ per one hundred dollars of assessed valuation. The FY 2026 proposed budget reflects a real estate tax rate of $1.135.
1. Assumed in this proposed amount is the continued dedication of 1.0 cents for affordable housing;
2. Assumed in the proposed amount is the continued reservation of 2.2 cents of the real property tax rate for transportation projects;
3. A Special Services District tax is proposed to continue to be levied on all real property located in the Tier I Potomac Yard Metrorail Station Special Services District at the current rate of $0.20 per one hundred dollars of valuation;
For all other taxes, the following rates are proposed:
4. A personal property tax rate on vehicles for calendar year 2025 of $ __ per one hundred dollars of assessed value. The FY 2026 proposed budget recommends a vehicle personal property tax ...
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