Of the seven taxes and fees approved by the NoVA Transportation Authority on Thursday night, the biggest revenue raiser is the new grantors tax on property sales. Home sellers will now have to pay 40 cents per $100 in value in new taxes ($1600 for a $400K home), which is estimated to bring in $171 million for transportation spending. Aside from the odd logic of making departing residents pay for traffic woes they're leaving behind, most sensible sellers will just pass along the cost in the form of higher prices. That doesn't bode well for first-time homebuyers and low-income families. Could it be that the Transportation Authority's new tax will largely negate the benefit of the affordable housing programs we hear so much about?

Kristina Rasmussen
Alexandria Taxpayers United