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City Council Establishes Special Tax District for Potomac Yard

Special Tier II tax district to be capped at 10 cents

Alexandria City Council on Saturday approved an ordinance creating a special tax district for the area surrounding the proposed Potomac Yard Metrorail Station.

This Tier II tax would be capped at 10 cents, which would not be levied until Jan. 1 of the calendar year after the Metro station opens. The city is expecting revenues from the first year of these taxes to be about $400,000, according to city documents.

The "Potomac Yard Metrorail Station Special Services District" does not include Potomac Greens or Old Town Greens.

The actual location of the proposed station will be determined during an environmental impact study, which began in February and is expected to take up to three years to complete.

The new tax district will help pay for the $240 million it could cost to build a Metro station there.

The City Manager's office describes the Tier II special tax district as "the southern part of Potomac Yard not including the development sites south of the Monroe Avenue bridge."

Additionally, the office said that because Potomac Greens homes eventually will appreciate because they will be nearer to a Metro station, "the average Potomac Green homeowner will pay approximately $800 more a year in city real estate taxes, generating about $200,000 in revenue that will be directed toward the Metrorail station fund."

Nat June 28, 2011 at 11:46 PM
Oh please, the Potomac Greens residents should also pay a special tax, they were given a discount when they purchased their homes specifically based on a future metro tax...why did the City back down? Potomac Greens council or whatever they call themselves, won't allow the local residents to use the City of Alexandria land - grant it, the City should insist the land be used as a common park, instead it chained land where no one can use it. Shame on Potomac Greens.
David June 29, 2011 at 12:02 AM
Not sure what you're talking about Nat. What discount? What chained land?
Lee Hernly June 29, 2011 at 03:36 PM
If Potomac Greens gets a walkway over the current rail lines so they can access the station, they should definitely be included in the special tax district.

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