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Fairfax County Gov Buys a Hotel for $2.5 Million OVER its Appraised Value

With a difficult FY 2026 budget forecast on the horizon, the Board voted 9 to 1 to purchase a former hotel property as a potential shelter for 20 percent ($2.5M) over its appraised value and 300 percent ($9.5M) over its assessed value.
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Fairfax County Gov Buys a Hotel for $2.5 Million OVER its Appraised Value

With a difficult FY 2026 budget forecast on the horizon, the Board voted 9 to 1 to purchase a former hotel property as a potential shelter for 20 percent ($2.5M) over its appraised value and 300 percent ($9.5M) over its assessed value.