NOTICE
OF PROPOSED REAL PROPERTY TAX INCREASE
PUBLIC HEARING ON THE INCREASE WILL BE HELD ON APRIL 5, 2018, 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 APRIL 5, 2018, THE COUNTY BOARD MAY ADOPT A TAX RATE LOWER THAN $0.993 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 2018 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.
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 1.3 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 $0.980 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 $0.993
per $100 of assessed value. The
difference between the lowered tax rate and the proposed rate would be $0.013
per $100, or 1.3 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 budget by 1.7 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.
Hope Halleck, Clerk to the County Board
Advertised: February 28, 2018
Can’t make it? Arlington TV – Comcast Xfinity 25 or 1085(HD) and Verizon FIOS 39 & 40 – live broadcasts County Board Meetings, County Board Work Sessions, and meetings of the Planning Commission. You can also watch Arlington TV’s live stream on the County website or archived video.
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