MANASSAS, Va. (AP) - About 1,500 businesses in the City of Manassas will be receiving a tax refund.

The city said Wednesday it has discovered that its property-tax rate for businesses the last three years was too high under state law.

As a result, businesses will be given a refund, with interest.

City spokeswoman Patty Prince said the amount will vary depending on the size of the business, but the city expects the refunds to cost the city about $850,000.

That would result in an average refund of nearly $570 if spread across all 1,500 businesses in the city.

The city said it will take several months to research and process the refunds.

Sign up for Daily Newsletters Manage Newsletters

Copyright © 2020 The Washington Times, LLC.