Economic development is the art of attracting the right business to make a prosperous and vibrant community for residents, businesses and visitors to enjoy. Arlington is a unique place where business and residents have together created Arlington’s success and economic prosperity.
We’ve achieved an enviable and unique position in having a 50 percent/50 percent split in the residential/commercial share of property taxes. In some of our neighboring jurisdictions, for example, there’s a 70/30 split in the share of property taxes. That 50/50 split means commercial property taxes reduce the tax burden on residents; help fund schools, parks and infrastructure; and allow Arlington to maintain its triple-A bond rating.