According to this chart from the George Mason Regional Analysis Center, Prince William County Foreclosure Rates are OFF THE CHART in comparison to surrounding jurisdictions. WTOP news is reporting Prince William property values have dropped more than double of Fairfax County and slightly more than double of Loudoun County.
FAIRFAX, Va. – Residential property value assessments are down for 95 percent of Fairfax County homes. The county Department of Tax Administration says residential property assessments in 2008 dropped on average 12.55 percent.
Other local residential property assessments that are down:
Loudoun County dropped 14.96 percent.
Alexandria dropped 4.75 percent.
Arlington dropped 2.1 percent.
Prince William County dropped an estimated 32 percent.
If Chairman Stewart wants to claim hundreds of ‘illegals’ have left our school system, and that the resolution is ‘working’ than he also should acknowledge the cost to our local real estate market because surely the undocumented population lived somewhere.