Public Notice
Arlington, Virginia
Arlington County
2100 Clarendon Blvd., Arlington, VA 22201
NOTICE
OF PROPOSED
REAL PROPERTY TAX INCREASE
The County of Arlington, Virginia, proposes
to increase property tax levies.
1. Assessment
Increase: Total assessed value of real
property, excluding additional assessments due to new construction or
improvements to property, exceeds last year's total assessed value of real
property by 2.07 percent.
2. Lowered
Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate
tax as last year, when multiplied by the new total assessed value of real
estate with the exclusions mentioned above, would be $0.963 per $100 of
assessed value. This rate will be known
as the "lowered tax rate."
3. Effective
Rate Increase: The County of Arlington, Virginia proposes to adopt a tax rate of $.983
per $100 of assessed value. The
difference between the lowered tax rate and the proposed rate would be $0.02
per $100, or 2.07 percent. This
difference will be known as the "effective tax rate increase." Individual property taxes
may, however, increase at a percentage greater than or less than the above
percentage.
4. Proposed Total Budget Increase: Based on proposed real property tax rate and
changes in other revenues, the total budget of Arlington County will exceed
last year’s adopted budget by 3.5 percent.
5. The County also proposes to
maintain the real estate tax for properties used for or zoned to permit
commercial and industrial uses at the current rate of $0.125 per $100. Revenue
from this tax is dedicated for transportation initiatives.
6. The County also proposes to
maintain the sanitary district tax at the current rate of $0.013 per $100 of
assessed value. Revenue from this tax is dedicated for the stormwater
management fund.
PUBLIC HEARING ON THE INCREASE WILL BE HELD
ON MARCH 29 and MARCH 31, 2016, AT 7:00 P.M. OR AS SOON THEREAFTER AS POSSIBLE IN
ROOM 307, 2100 CLARENDON BLVD., ARLINGTON, VA. AFTER THE
HEARING IS HELD ON MARCH 29 and MARCH 31, 2016, THE COUNTY BOARD MAY ADOPT A
TAX RATE LOWER THAN $0.983 PER $100 OF ASSESSED VALUE, BUT IT CANNOT ADOPT
HIGHER RATE.
Spanish language interpreters will be available. Please see Clerk prior
to hearing. Please visit County website
at www.arlingtonva.us for
information on advanced online sign-up to speak at hearing or call Clerk’s
office at 703-228-3130 to register.
Copy of proposed resolution fixing real
estate tax rate for CY 2016 is on file and available for review in County Board
Clerk’s Office, Room 300, 2100 Clarendon Boulevard, weekdays 8 a.m. and 5 p.m.
Hope Halleck, Clerk to the County Board
Advertised: February 26, 2016
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