« Northern Virginia Condos — A Hot Real Estate Value | Main | ROCK THE RED and force a Game 7 »
Arlington County Real Estate Taxes set at 84.8 cents per $100 assessed value
By robertearl | April 21, 2008
Arlington County became the first in the region to impose a commercial tax for transportation improvement Saturday in a move likely to be considered by nine other jurisdictions in Northern Virginia.
The spending plan approved by the Arlington County Board includes a special 12.5 percent tax hike on shopping centers and offices.
The commercial taxes will raise about $10 million in the coming year for improvements to Metro stations and to fund the design and construction of a streetcar line along the Columbia Pike and purchase new buses.
The special commercial tax was one of the small parts of last year’s transportation bill that was not thrown out by the State Supreme court. Arlington county is the first in the Northern Virginia region to use the new taxing power to pay for transportation needs.
The move will raise the average homeowner’s real estate tax bill by three cents to 84.8 cents for each $100 of assessed value or approximately $104 more per year. (wtop.com)
Topics: Uncategorized |