If you have any questions regarding real estate anywhere in the Northern Virginia or North Carolina, please don't hesitate to call or email me.
Real estate taxes are billed and payable in two installments. The first tax bill is mailed in May and is due by June 15. The second tax bill is mailed in October and is due by November 15.
Real estate taxes are billed and payable in two installments. The first tax bill is mailed in May and is due by June 15. The second tax bill is mailed in October and is due by November 15. (Sample Real Estate Tax Bill)
If taxes are included in a property owner's mortgage payments, the City will bill the bank or mortgage company for taxes due. Any property owner whose taxes are not paid through a bank or mortgage company who does not receive a tax bill should contact the Treasury Division. The property owner is still responsible for paying the tax before the due date. Failure to receive a bill does not relieve a tax payer from payment of the tax, penalty and interest.
Potomac Yard Special Tax Districts
City Council has established two special tax districts (Tier I and Tier II) to help finance the redevelopment of the Potomac Yard Area.
The "Tier I Special Services District," which City Council approved in December of 2010, encompasses North Potomac Yard (Landbay F) as well as Landbays G, H and the multi-family portion of Landbay I. Beginning in calendar year 2011, Tier I properties are assessed a tax of $0.20 per $100 in assessed value in addition to the City's base real estate tax rate (for a tax rate of $1.238 per $100 in calendar year 2013).
The "Tier II Special Services District" encompasses all of Landbay I not in the Tier I District and all of Landbay J. In general, the Tier II District is the southern part of Potomac Yard not including the development sites south of the Monroe Avenue Bridge and excluding Potomac Greens. Beginning in calendar year 2016, Tier II properties will be assessed a tax of $0.10 per $100 in assessed value in addition to the City's base real estate tax rate.