PUBLIC HEARING AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District Supervisor

June 8, 2006

Staff Lead:

Department: 

Kevin J. Burke, County Attorney

County Attorney

Topic: 

An Ordinance Exempting Certain Real Property Owned by Fauquier Housing Corporation or its Wholly Owned Subsidiaries as Exempt From Real Property Taxation

Topic Description:

In order to facilitate the provision of affordable housing to needy citizens of the County, Fauquier Housing Corporation has requested that certain properties be classified as exempt from taxation, including those properties that meet the requirement for charitable use that are hereafter acquired.

Requested Action of the Board of Supervisors: 

Conduct a public hearing and consider the adoption of the attached Ordinance.

Financial Impacts Analysis:

The fiscal impact of this action based upon the prior assessment and tax rate would have been approximately $7,300 per year.  The future impact depends upon the new tax rate.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Commissioner of the Revenue

Treasurer

County Administrator