Mark Worrilow of Fathom Realty is a Licensed Broker/Instructor in Virginia.
Stafford County residents recently received their biannual property tax assessments, revealing a significant increase in property values. On average, residential properties saw a 13% rise, while commercial properties surged by 23%.
Mark Worrilow, a real estate expert with Fathom Realty specializing in Stafford County, weighed in on the implications and offered advice for homeowners.
Worrilow emphasized the importance of understanding that the assessed value determined by the county reflects the worth of one’s property for tax purposes. He urged homeowners not to react to the assessment figures immediately but to evaluate their property’s market value critically. He stated, “Before we say, ‘I can’t believe my house is being assessed so much,’ ask yourself, ‘What’s your house really worth?'”
The expert highlighted the opportunity for homeowners to seek a reassessment if they believe their property’s value is inaccurately assessed. Worrilow stressed the need for homeowners to engage with local authorities and understand the implications of property assessments on their taxes, stating, “All politics is local, and deal with your county supervisor or city or town councilor… If we’re not involved, then we have no one to blame but ourselves.”
In Virginia, localities heavily rely on real estate taxes to fund local government operations, making property assessments a vital aspect of local governance. Worrilow underscored the significance of understanding tax rates and assessments, urging homeowners to educate themselves on where their tax dollars are allocated.
Regarding the increase in property values attributed to supply and demand dynamics, Worrilow concurred with Stafford County Commissioner of the Revenue Scott Mayausky’s assessment. He acknowledged the scarcity of available homes and high demand as key drivers of escalating property prices in Stafford County.
A “dad” to a German Shepherd puppy, or as he calls it, “Shuppy,” and husband to a wonderful wife, Mark likes to read, cook, and use his smoker. He also loses golf balls and fishing lures.
Mark is a retired naval officer and 27+ year career REALTOR®. He is also an instructor for numerous continuing education and REALTOR® professional growth classes.
A Prince William/Stafford resident since 1991, he is well-versed in these areas and markets. A believer in giving back to those who serve our community, Mark has a program to support those buying or selling in Northern Virginia and has numerous agents who work for him who do the same. As a proud member of Rotary, he also extends these benefits to service organization members.
Earn top dollar with full benefits!
When you join the Electrical Alliance, you get to contribute to the biggest projects in the area, all while earning top dollar and employer paid benefits.
As an Electrical Alliance worker, you get:
- Salary Range $11.50 — $54.00/Hour
- Paid Apprenticeship
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- Employer Paid Retirement Benefits: Pensions and Annuity
Skip the green dye and enjoy traditional Irish fare for a truly authentic celebration of all things Irish! Sláinte!
Everyone’s Irish on St. Patrick’s Day!
- Join us at the Lake Ridge Taproom for the 8th Annual St. Paddy’s Day Celebration! Saturday, March 16, the Irish Red Ale and The Heavyweight Nitro will join the tap list, and Pauleen’s will be serving up Irish-themed paninis from 2 to 8 p.m.
- On Sunday, March 17, we’ll open at 10 a.m. so you can start celebrating as early as you’d like. Our friends across the street at Brittany’s will serve Irish brunch. Don’t forget to wear your green to be entered into a raffle!
- Irish Red and Nitro Heavyweight will be available at Potomac Mills and Lake Ridge tap rooms.
Follow Water’s End Brewery on Facebook and Instagram for information about great neighborhood events and news from our taprooms.
Water’s End Brewery in Lake Ridge
571-285-1997
12425 DILLINGHAM SQUARE
LAKE RIDGE, VA 22192
Water’s End Brewery at Potomac Mills
571-398-0342
14397 POTOMAC MILLS ROAD
WOODBRIDGE, VA 22192
Hey, prom-goers! Are you ready to dazzle on the dance floor and make memories to last a lifetime? Look no further than Tang’s Alterations in Manassas, your one-stop destination for all things prom perfection!
Dashing Tuxedoes and Suits: Gentlemen, get ready to steal the spotlight with our extensive collection of tuxedoes and suits available for rent. From classic black to trendy hues, we’ve got the perfect ensemble to suit your style. Plus, complete your look with our selection of shoes and socks, ensuring you step out in style from head to toe!
Match Made in Heaven: Planning to coordinate with your date? No problem! At Tang’s, we offer swatches to help you perfectly match your attire to your partner’s ensemble, ensuring you both look picture-perfect together.
Flawless Prom Dress Alterations: Ladies, let’s make sure your prom dress fits like a dream! Our expert team is here to provide top-notch alterations with no appointment necessary. Simply walk in with your dress and shoes, and we’ll work our magic to ensure you feel confident and comfortable all night long.
No Appointments Needed: We know you’re busy preparing for the biggest night of the year, so why wait? At Tang’s, no appointments are needed for both tuxedo rentals and prom dress alterations. Just drop by whenever it’s convenient for you, and we’ll take care of the rest!
Beat the rush and visit us today!: Prom is the busiest time of the year for rentals and we want to make sure we have the styles our customers want in stock!
Don’t settle for anything less than perfection on prom night. Visit Tang’s Alterations in Manassas today, and let us help you shine bright on this unforgettable occasion. See you on the dance floor!
Tang’s Alterations is at 8675 Sudley Road in Manassas.
“Good afternoon, passengers! This is your captain Leah speaking; welcome aboard flight 3WE with service from HopDrop to Strawberry Don’t Haze Me, Bro! Our estimated time of departure is 12:00PM and the weather looks great for your flight through the Water’s End Taplist!
As we prepare for takeoff, enjoy your first half-pour of HopDrop. Named after the W.E. logo, this light IPA has notes of citrus flavor and is the perfect start to any flight. Who said a layover can’t be fun? Throw on your beads and get ready to sip on the Mardi Gras 2024 Bière de Garde.
This once-a-year brew is the perfect connection between the two IPAs that you’ll enjoy during your flight. As a malty brew girlie myself, I always look forward to the subtle sweetness that comes through on this brew. Before your tray goes up in preparation for landing, take a sip of your Strawberry Don’t Haze Me, Bro! a passenger favorite and favorite of mine as well! This juicy brew has the perfect amount of fruitiness without overpowering what we love about the original Don’t Haze Me, Bro!
Ladies and gentleman, on behalf of the W.E. Brew Crew, I’d like to welcome you to your destination. The weather is good and there’s still plenty of time to get those frequent flyer miles up and catch another flight. Thanks for journeying with me, cheers!”
– Leah
Order the recommended beertender featured flight of the week and receive $1 off, Beer Club Members receive an additional $2 off! Subscribe to the weekly W.E. Brew Bulletin to learn about why your beertender selected these three brews to be featured!
Follow Water’s End Brewery on Facebook and Instagram for information about great neighborhood events and news from our taprooms.
Water’s End Brewery in Lake Ridge
571-285-1997
12425 DILLINGHAM SQUARE
LAKE RIDGE, VA 22192
Water’s End Brewery at Potomac Mills
571-398-0342
14397 POTOMAC MILLS ROAD
WOODBRIDGE, VA 22192
We at Tangs Alterations, Bridal, and Bespoke are thrilled to extend our heartfelt wishes to the remarkable Mia Anderson, as she embarks on her journey at the esteemed Miss Teen Volunteer America 2024 Pagent this week, Thursday, March 7, through Saturday, March 9, in Jackson, Tenn.
Mia, your grace and talent are sure to light up the stage, and we’re honored to have been a part of your journey.
Mia recently graced our boutique several times in February, where she entrusted us with the delicate task of perfecting her gown for not only the grand occasion but also altering several outfits she will wear throughout her time in Tennessee for different social events.
It was an absolute pleasure to work with such a poised and inspiring young woman, and we’re confident that she’ll shine like the star she is!
Last year, Hannah Perrigin claimed the coveted Miss Volunteer America 2024 title in the event’s second year. She earned the title, $50,000 in scholarship funds, and a trip to New York City for NY Fashion Week.
At Tangs Alterations, Bridal, and Bespoke, we take pride in being a part of special moments like these. From alterations to bespoke creations, we’re here to ensure that every garment tells a story and fits perfectly for life’s most memorable occasions.
For inquiries about our services, visit us at 8675 Sudley Road in Manassas, visit us online at tangsalterations.com, or call 703-393-8458. Let us help you look and feel your best for your next big moment!
Mark Worrilow of Fathom Realty shed light on the absorption rate in the Northern Virginia Real Estate market and its pivotal role in navigating the dynamic Real Estate landscape of Northern Virginia and Stafford County. Worrilow, an expert in the field, delved into why absorption rate holds significant importance for prospective buyers and sellers.
“When people inquire about the state of the market, the terms ‘seller’s market’ or ‘buyer’s market’ often get tossed around without much quantification,” remarked Worrilow. “Absorption rate provides that quantification by comparing the number of homes sold to those actively listed on the market.”
Worrilow emphasized that in Stafford County, the absorption rate currently stands at approximately 1.5 months, indicating that the existing inventory would be depleted within a month and a half. Subject to seasonal fluctuations, this figure serves as a tangible measure of market activity, enabling individuals to gauge how swiftly homes are being bought and sold.
Highlighting the significance of this metric, Worrilow explained, “For instance, in February alone, there were 266 homes listed on the market, including those under contract and pending sale. This comprehensive approach to calculating absorption rate paints a clearer picture of market dynamics.”
Discussing the implications for both buyers and sellers, Worrilow stressed the need for proactive decision-making. “For sellers, understanding absorption rate underscores the potential speed at which their homes can sell, provided they are priced appropriately. Conversely, buyers are advised not to delay their decisions, as desirable properties may vanish quickly in a fast-paced market.”
In defining whether the market leans towards sellers or buyers, Worrilow outlined the benchmarks. “An absorption rate of one to three months signals a seller’s market, and we’re firmly entrenched in that territory. With our region’s strong demand and commuting advantages, this trend is likely to persist.”
Worrilow urged buyers to consult with their Real Estate agent for localized insights. “Real estate is inherently local, so understanding absorption rates specific to your neighborhood is crucial. Your agent can provide tailored guidance based on market nuances.”
A “dad” to a German Shepherd puppy, or as he calls it, “Shuppy,” and husband to a wonderful wife, Mark likes to read, cook, and use his smoker. He also loses golf balls and fishing lures.
Mark is a retired naval officer and 27+ year career REALTOR®. He is also an instructor for numerous continuing education and REALTOR® professional growth classes.
A Prince William/Stafford resident since 1991, he is well-versed in these areas and markets. A believer in giving back to those who serve our community, Mark has a program to support those buying or selling in Northern Virginia and has numerous agents who work for him who do the same. As a proud member of Rotary, he also extends these benefits to service organization members.
Virginia National Bankshares Corporation (the “Company”) (NASDAQ: VABK) announced today that on February 28, 2024, its Board of Directors declared a quarterly cash dividend of $0.33 per share to be paid on March 28, 2024, to shareholders of record as of March 14, 2024.
The quarterly cash dividend represents an annual yield to shareholders of approximately 4.42% based on the closing price of the Company’s common stock on February 28, 2024.
Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has eight banking offices throughout Fauquier and Prince William counties, three banking offices in Charlottesville and Albemarle County, and banking offices in Winchester and Richmond, Virginia.
The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services. Investment management services are offered through Masonry Capital Management, LLC, a registered investment adviser and wholly-owned subsidiary of the Company.
The Company’s common stock trades on the Nasdaq Capital Market under the symbol “VABK.” Additional information on the Company is also available at vnbcorp.com.
Don’t Haze Me, Bro! a fresh craft beer brewed locally by Water’s End Brewery in Prince William County, VA!
This Water’s End flagship brew has been around since early 2017, and there’s a reason why! Both IPA lovers and those who think they aren’t simply can’t get enough of this Juicy IPA. This Juicy IPA has a huge aroma from being absolutely shocked with Citra and Mosaic hops.
This beer is available at all three Water’s End locations and is available in pours, four-packs, and growler fills.
Feeling adventurous? Try the Strawberry Don’t Haze Me, Bro! that is currently on tap for a limited time. Cheers!
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