Candidate J.D. Maddox Proposes One-Percent Cap on Homeowner Property Tax in Virginia
Retrieved on:
Wednesday, October 13, 2021
Maddox, whose 45th District includes eastern Alexandria and parts of Arlington and Fairfax, has proposed a mold-breaking 1% limit on homeowner property tax in Virginia.
Key Points:
- Maddox, whose 45th District includes eastern Alexandria and parts of Arlington and Fairfax, has proposed a mold-breaking 1% limit on homeowner property tax in Virginia.
- "The average Alexandria homeowner pays about $800 in taxes and that cost will only go up as home prices increase.
- Home ownership is crucial to building strong communities, and high property taxes push working families away from the state."
- Maddox assesses that municipalities will most likely have to turn to homeowners for tax revenues as the market shifts.