Fauquier County adopted its Fiscal Year 2027 budget on March 31, 2026, totaling $457.8 million, along with Calendar Year 2026 tax rates and the five-year Capital Improvement Program (CIP).

The adopted real estate tax rate is $0.895 per $100 of assessed value, a decrease of 7.2 cents from the FY 2026 Adopted Budget, including a 6.9 cent reduction to the General rate and a 0.3 cent reduction to the Fire Rescue Levy rate.

As part of the 2026 reassessment, property values increased across the County, resulting in a 22.3% increase in total assessed value and a 26.8% increase in total taxable value. The median residential assessment rose to $533,400, and under the adopted rate, the average homeowner’s real estate tax bill will increase by $321.43 annually, or approximately $26.79 per month. In total, local tax funding increases by $15.1 million, or 6.4%, compared to the FY 2026 Adopted Budget

Key Budget Highlights

County Compensation:

• General Government: 3.0% compensation increase
• Sheriff’s Office: 6.8% pay scale adjustment and a step
• 911: 1.5% pay scale adjustment and a step
• Fire Rescue: 1.5% pay scale adjustment and a step 

Capital Improvement Program: $135.8 million for FY 2027-2031

• School Division Projects: $27.3 million
• Fire Rescue Projects: $16.9 million 
• Parks and Recreation: $3.1 million 
• Airport Improvements: $3.1 million 
• Continued funding for design and construction of a new Judicial Center

Tax Rate Breakdown (per $100 of assessed value)

• General Real Estate Tax: $0.709 (- 6.9 cents)
• Fire Rescue Levy: $0.182 (- 0.3 cents)
• Conservation Easement District: $0.004 (No change)

Quick Links

• Press Release
• Office of Management & Budget