Tysons tax hike will hit property owners, developers

The Fairfax County Planning Commission on Tuesday defended its plan to levy new taxes on residents and developers to pay for the massive, $3.1 billion redevelopment of Tysons Corner while seeking only “modest” funding from the state.

Speaking to the county Board of Supervisors, officials announced their plans to impose a 7-cent to 9-cent property tax increase on Tysons Corner properties that would be placed in a special tax district. That tax would raise about $250 million to fund roads around Tysons. The county would collect about $250 million more from businesses seeking to redevelop the area.