MANASSAS PARK, Va. — Manassas Park homeowners could see their tax bills rise by hundreds of dollars under the proposed Fiscal Year 2026 budget, despite a planned reduction in the city's real estate tax rate.
City Manager Carl Cole presented the $129 million budget to the Governing Body on April 22, 2025, proposing a one-cent reduction to the real estate tax rate, which would lower it to $1.395 per $100 of assessed value. However, because the average assessed value of residential properties increased by 7.48%, the typical single-family homeowner, with an average home value of $507,689, would still pay approximately $483 more in real estate taxes next year.
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