Regional Congestion Relief Fee
Who pays it? The seller at closing.
It came into effect back in July 1, 2013 to help fund the growing demand for transportation projects. Legislators passed the ruling to increase the Grantor Tax in the form of Congestion Relief fee.
It is 15 cents/$100 of the sales price
For example on an $800,000 sale the would be $1,200
This will affect sale of properties in Arlington, Fairfax County, Loudoun County & Prince William county. Including city of Falls Church, Clifton, Town of Vienna, City of Fairfax, Manassas City, Manassas Park.
There is a proposal to increase the rate in 2018 and forward to fund metro projects.
This is part of the sellers real estate closing costs. And, is not the only charge/fee/tax in selling real estate. For a detailed closing cost estimate for your sale, contact me. firstname.lastname@example.org
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Licensed Realtor in Virginia KW Metro Center –703-587-0945
Regional Congestion Relief Fee, closing costs, seller paid closing costs