Ritu Desai- Top Producer Realtor in Northern Virginia

Given the Virginia Supreme Court’s finding that the Northern Virginia Transportation Authority (NVTA) cannot impose taxes, we will all be receiving questions about the additional grantor's taxes that have been paid to the Authority. Northern Virginia Association of Realtors has communicated with local clerks of the court regarding ...

 The Grantor's Tax increase approved as part of the 2007 transportation funding package will take effect Jan. 1, 2008. The Virginia General Assembly and the Northern Virginia Transportation Authority (NVTA) voted earlier this year to increase the rate to a total of $5.00 per $1,000. This increase, along with revenues from six additional ...

On July 12, The Northern Virginia Transportation Authority voted to increase the residential Grantor's Tax. Effective January 1, 2008, the Grantor's Tax rate will increase by $.40 per $100, taking the total tax rate to $5 per $1000. The increased Grantor's Tax is one of seven fees that will fund transportation improvements in Northern ...

After months of negotiations, the Virginia General Assembly agreed in March on a transportation plan that will provide approximately $400 million in new revenues for Northern Virginia. The Northern Virginia regional plan will be implemented and controlled by the Northern Virginia Transportation Authority. The money raised in the region will ...