For the second year in a row, Arlington’ assessed property values have gone up. Overall, 2012 real estate assessments increased by 6.6 percent.
Commercial property experienced significant growth, increasing by 13.5 percent. That puts the commercial tax base at its highest level ever, accounting for 49% of the county’s real estate tax base.
“Our commercial properties are in strong demand, particularly apartment and office buildings,” Arlington County Manager Barbara Donnellan said in a statement. “This is our second year of economic recovery — very good news for our community.”
Single family properties, including condominiums, town houses and attached homes, saw a more modest increase of 1.8 percent.
Real estate assessments will be mailed out today to all Arlington property owners. They will also be available online starting at 5:00 p.m.
The increase in property assessments will mean additional revenue for Arlington County, in the form of higher real estate tax payments, in Fiscal Year 2013. Donnellan’s proposed budget for FY 2013 will be presented next month.
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Do you struggle with anxiety, depression, stress, grief, trauma or anger? Are
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Lauren K. Nickum, LCSW, CSAC from Peaceful Mind Solutions is now taking new
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As the summer winds down, it’s a great time to look forward to a creative fall! Art House 7 has a terrific selection of classes, for preschoolers to adults. Our fall session, starting September 6, offers painting, drawing, sculpture, collage, ceramics (including the wheel) and sewing. We have specialty classes such as Suminagashi, the ancient art of Japanese water marbling.
If you’re looking for a shorter commitment, we also have a full schedule of workshops, Art Nights, and Morning Art Socials. If you haven’t discovered Art House 7, please check us out! We offer classes throughout the year, taught by a range of fantastic teachers. You can buy art supplies next door. We’re near the Lee Harrison shopping center, and free parking is outside our door.
Art House 7
5537 Langston Blvd.Arlington VA 22207
https://arthouseseven.com/
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Have you ever considered purchasing a rental property but weren’t sure where to start? This free webinar will go over the basics of how to invest in real estate, how to choose rental properties, and a market overview. Our Director
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