00091456 —

Mar 13-1:50
Listing Began:

Description

Seller's Comments and Description:

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 1.5 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 $1.0181 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

$1.043 per $100 of assessed value. The difference between the lowered tax rate and the

proposed rate would be $0.025 per $100, or 2.4 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 5.3

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.

PUBLIC HEARING ON THE TAX RATE WILL BE HELD ON MARCH 27, 2025, AT 7:00 P.M. OR AS SOON THEREAFTER AS POSSIBLE AND WILL BE CABLECAST AND LIVE-STREAMED ON ARLINGTON TV. AFTER THE HEARING IS HELD, ON MARCH 27, 2025, THE COUNTY BOARD MAY ADOPT A TAX RATE LOWER THAN $1.043 PER $100 OF ASSESSED VALUE, BUT IT CANNOT ADOPT HIGHER RATE.

Spanish language interpreters will be available. Please contact 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.

A copy of the proposed resolution fixing the real estate tax rate for CY 2025 is on file and available for review by contacting the Office of the Clerk to the County Board at 703-228-3130 weekdays between the hours of 8 a.m. and 5 p.m. or by email at countyboard@arlingtonva.us.

Mason Kushnir, Clerk to County Board

Ad Run Date: March 13, 2025

AD#91380R





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