Arlington’s Dept. of Real Estate Assessments will be giving representatives from countries like China, India, Turkey and Greece “guidance on proper property tax management, including an overview of how Arlington County values land and property, and how these processes have generated revenue, while promoting fair and equitable property tax collection methods,” according to a press release from Thomson Reuters, which organized the meeting.
Thomson Reuters’ Tax & Accounting Division helps corporations and governments improve their bookkeeping and revenue-generating practices. Arlington boasts an enviable tax revenue split of 50 percent residential and 50 percent commercial tax revenue, and the assessor’s office is responsible for determining the value of each piece of property.
“Arlington County’s strong, successful tax management system has attracted the attention of government officials from emerging nations,” Brian Jaklitsch, a spokesman for Thomson Reuters, said in an email.
“Officials will get a first-person look at how a government in the US processes and records land rights, and how the information is then used to assign a land value and then to process and bill property tax,” according to a press release. “More than 70 percent of local government revenue in the US is generated from property tax, and generating similar revenue could be a major coup for countries that are impoverished and/or lacking proper recording channels.”
Photo via Google Maps
Join the Keri Shull Team May 24 to learn about creating a custom-built home while avoiding costly mistakes.
Update at 4:15 p.m. — A Severe Thunderstorm Warning has now been issued for most of Arlington. BULLETIN – IMMEDIATE BROADCAST REQUESTED Severe Thunderstorm Warning National Weather Service Baltimore MD/Washington…
Arlington County Board member Libby Garvey is quarantining in Germany after testing positive for COVID-19 while on a trip. Garvey told ARLnow she’s doing relatively well, and feels mostly like…
A woman was seriously injured over the weekend after police say she was apparently pushed out of a moving vehicle. It happened early Sunday morning along Wilson Blvd at the…