Grantor’s Tax & Northern Virginia Transportation Plan Update

The Northern Virginia Transportation Authority (NVTA) will hold a public hearing on Thursday, July 12th to consider enacting the seven taxes and fees in HB 3202 (ncluding the increase to the Grantor’s Tax). The hearing will take place at Mary Ellen Middle School, 7130 Leesburg Pike in Falls Church at 7:00PM. For more information, click here.

In reality, Fairfax County including Arlington, Alexandria and Falls Church are in favor of this passing while Loudoun County is opposed. If the bill is passed with an increase of 40 cents for $100 for the Grantor’s Tax, Loudoun County would raise/provide an estimated $39.8 million of the $163.6 million in additional revenue for Virginia. But the only $16 million Loudoun County would actually get back is at the center of the debate. A large percentage of the funds raised would go to projects outside of Loudoun County.

Related Articles:

Increase In Virginia Grantor’s Tax And The Rest Of The Northern Virginia Transportation Plan

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