Today the Arlington County Board unanimously approved a new $1 billion budget.
The budget is 5.1 percent higher than its previous budget, but yet contained no tax rate increase. Rising property assessments allowed the board to keep the property tax rate steady at 95.8 cents per $100. The personal and business property taxes will remain the same. Trash and recycling fees will decrease by 5 percent.
“Taking into account increase in real estate assessments and fee changes, the overall tax and fee burden for the average Arlington homeowner will increase 1.4% — or about $7 a month — an increase less than the current Baltimore-Washington region inflation rate of 3%,” the county said in a statement.
The budget includes increased funding for housing and ‘safety net’ programs, as well as a number of other priorities. Funding for Arlington Public Schools will increase $38 million, or 9 percent, to $480.5 million.
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Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Mason Square hosts dynamic weekly programming and ongoing special events, open to the Mason and greater Arlington community. All activities are free and open to the public. Join us at Mason Square today!
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,