May 7, 2025 - 10:53
Fairfax County has announced its budget plan, which is set to be approved on May 13 and will take effect on July 1. This budget introduces a significant real estate tax cut aimed at easing the financial burden on homeowners. The reduction in property taxes is expected to provide much-needed relief to residents amid rising living costs.
In addition to the tax cut, the budget also proposes the implementation of a meals tax. This new tax is designed to generate additional revenue for the county, which will be allocated towards essential services and community programs. The meals tax is anticipated to impact dining establishments and their patrons, contributing to the overall funding of local initiatives.
County officials believe that the combination of reducing the real estate tax while introducing a meals tax will strike a balance between providing relief to homeowners and ensuring the county has sufficient resources to maintain and improve public services. As the budget moves toward approval, community discussions are expected to focus on the implications of these changes.
June 1, 2025 - 02:55
StegX Launches Over $100 Million in Tokenized Real Estate on HederaIn a groundbreaking move for the real estate sector, StegX is set to deploy more than $100 million in tokenized real estate assets on the Hedera network. This ambitious initiative employs a cutting...
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America's Energy Capital Evolves into a Thriving Real Estate MarketIt has long been known as America`s energy capital and a major hub for oil workers, but there is a new business in town. Thanks to a significant tech boom, this city is rapidly transforming into a...
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Google's Housing Commitment: Will the 15,000 Homes Still Be Built?When Google made its $1 billion pledge to address the Bay Area`s housing shortage in 2019, the plan hinged on the company expanding its office presence in Silicon Valley. However, recent...
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Clemson University Receives Transformative Challenge to Enhance Construction and Real Estate EducationClemson University’s Nieri Department of Construction and Real Estate Development is set to undergo significant advancements, thanks to a substantial challenge gift from the Nieri family. Michael...