| 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% | |||||||||