In 2008, the Virginia General Assembly authorized Northern Virginia jurisdictions to levy an additional real estate tax on commercial property owners in order to fund new transportation construction in their jurisdictions.
The Region's Chamber has urged the Prince William Board of County Supervisors not to exercise the authority that the 2008 legislation provides. The Chamber opposes charging additional real estate taxes to commercial property owners, opposing in principle what is called bifurcated real estate tax rates (creating different real estate tax rates for commercial and residential property owners).
Our opposition to the commerical real estate tax differential also results from our concern with the current economy’s impact on local business owners and our belief that it is the responsibility of the state government to provide for the Commonwealth’s transportation needs. Furthermore, creating an additional tax on business makes Prince William less competitive in attracting new businesses because neighboring jurisdictions do not levy this additional business tax on commercial properties.
View the Chamber Letter to the Prince William Board of County Supervisors here.
What You Can Do
Take a moment to let your Supervisors know where you stand on this important measure.
