In Reston Association Area Not in Reston Association Area  
NOTE: This file has several worksheets
Scenarios
Retired couple, expensive single family home Young family, lower priced condo Young professional couple, mid-priced townhouse Single Renter Scenarios Retired couple, expensive single family home Young family, lower priced condo Young professional couple, mid-priced townhouse Single Renter
         
House value $800,000 $300,000 $450,000   House value $800,000 $300,000 $450,000
Income $63,700 to $128, 500 $63,700 to $128, 500 $128, 500 to $195,850   Income $63,700 to $128, 500 $63,700 to $128, 500 $128, 500 to $195,850
Marginal Tax Rate 30.8% 30.8% 33.8%   Marginal Tax Rate 30.8% 30.8% 33.8%
RA Dues $437 $437 $437   RA Dues
Current RCC Tax Rate $0.00047 $0.00047 $0.00047   Current RCC Tax Rate $0.00047 $0.00047 $0.00047
Current RCC Tax $376 $141 $212   Current RCC Tax $376 $141 $212
RCC Tax after deduction $260 $98 $140   RCC Tax after deduction $260 $98 $140
After tax status quo cost: $697 $535 $577   After tax status quo cost: $260 $98 $140
         
In the Town of Reston, they pay:         In the Town of Reston, they pay:
         
Town Tax Rate $0.00110 $0.00110 $0.00110   Town Tax Rate $0.00110 $0.00110 $0.00110
RA Dues $38 $38 $38   RA Dues
Town Tax  $880 $330 $495   Town Tax  $880 $330 $495
Town Tax after deduction $609 $229 $328  
After tax Town Cost: $647 $266 $366   After tax Town Cost: $609 $229 $328
         
Savings $50 $268 $211 No significant change, but may be savings to dwelling unit owner Savings -$349 -$131 -$188 No significant change, but may be cost to dwelling unit owner
Residual RA Budget $1,087,909
Current RA Budget $12,587,661
Percent Residual Fee 8.6%