By advertising the $1.021 rate, the Board will have the flexibility of raising the tax rate up to 102.1 cents per $100 in assessed real estate value. The Board can still, as it usually does, select a lower rate than advertised when it adopts its final budget in April.
Donnellan proposed a $1.003 rate — a 3.2 cent rate increase that would cost the average Arlington homeowner an additional $262 per year. The advertised $1.021 rate — a 5 cent increase from the current 97.1 cent rate — would cost the average homeowner an extra $356 per year (nearly $30 per month, a 5.3 percent increase) over the current tax rate.