Prince William County often likes to tout a CNN/Money ranking that lists it high on job creation (a ranking that doesn’t take into account the quality of the jobs being created, which are mostly in the lower-paying service industry sector.) Well, here’s another study from the same source that they don’t want you to hear about.
According to a new CNN/Money ranking, PWC has the second highest property taxes in Northern Virginia as a percentage of home price, only behind Loudoun County.
Indeed, Loudoun County has the highest in the Commonwealth (1.09%) followed by Richmond City (1.08%), Roanoke City (1.03%), Newport News City (1.02%), and then Prince William County and Norfolk City (0.97%). PWC’s other neighbors are as follows: Fairfax clocks in at 0.94%, Fauquier at 0.77% and Stafford at 0.75%.
Interesting to note that the bulk of jurisdictions that PWC is in league with here are cities and not counties. Yet, we are now hearing rumblings that this still isn’t enough and that taxes may have to be raised to pay for even more spending. Perhaps if our commercial-to-residential tax base ratio wasn’t so pathetically screwed up, we wouldn’t find ourselves in this boat.