With rising property assessments, the Arlington County Board sees no need to raise taxes this year.
The Board on Tuesday advertised a maximum property tax rate unchanged at $1.013 per $100. The question is: should the rate be lowered?
taxes
The Arlington County Board voted yesterday to advertise a maximum tax rate that will, at most, keep the current rate steady.
The action comes amid rising property assessments that will buoy county coffers and help support County Manager Mark Schwartz’s proposed 2.9% increase in spending without a rate hike.
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(Updated at 5:15 p.m.) Amazon is moving in at a quickening clip and Arlington County’s budget-makers are breathing a sigh of relief.
After a few years of tight budgets, involving tax rate hikes and a handful of county staff layoffs, “this is a good budget year,” County Manager Mark Schwartz said today, ahead of presenting his proposed Fiscal Year 2021 budget to the Arlington County Board.
Pentagon City Redevelopment on Pause — “Brookfield Properties has suspended plans to launch a major redevelopment of the Transportation Security Administration’s headquarters in Pentagon City once the federal agency moves to its new home in Springfield in mid- to late 2020… it’s a reflection of the new reality that Amazon’s HQ2 has created in the neighborhood.” [Washington Business Journal]
Vote on Add’l Speeding Fine This Weekend — “Currently, a ticket for going 10 mph over the speed limit in a residential zone is about $80. The additional fine would bring that ticket to $280. ‘People drive like maniacs around here. It’s about time they got some punishment,’ Arlington resident Jack Feegel said.” [NBC 4]
The rise in property values in Arlington is accelerating post-HQ2.
Late last week Arlington County announced that its assessments for 2020 had risen 4.6% on average — 4.9% for commercial properties and 4.3% for residential properties. That compares to an average property assessment increase of 3.5% last year.
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(Updated at 4:15 p.m.) Arlington County Board Chair Christian Dorsey says he should have, upon reflection, informed the community about his personal bankruptcy filing before November’s election.
Dorsey, who was sworn in for a second term last night, answered a series of questions from ARLnow about his bankruptcy, which was first reported by the Washington Post a few days after the election.
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(Updated at 12:05 p.m.) The Arlington County Board is asking the County Manager for a budget that contains no property tax rate hike and maybe even a rate cut.
Members gave their Fiscal Year 2021 guidance to County Manager Mark Schwartz at last night’s recessed Board meeting.
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Amazon Tweaking HQ2 Heating Plan — “Amazon.com Inc. confirmed it will tweak some elements of its HQ2 plan in Arlington County to eliminate a carbon dioxide-emitting system. The news comes a little more than a week after CEO Jeff Bezos announced in D.C. plans to end the company’s reliance on fossil fuels in a decade.” [Washington Business Journal]
County Tax Deadline Coming Up — “Taxes are due soon! If you have moved or sold your car, you may still owe taxes for the months when your car was in Arlington. If you are waiting for account adjustments, still pay your bill in full by Oct. 5. Overpayments will be refunded.” [Twitter]
Local bookstore One More Page (2200 N. Westmoreland Street) will be able to pay the bills after all, thanks to its auction last month.
“We received donations of wine, window washing service, and many other items,” said owner Eileen McGervey, of the items the store auctioned off. “It was really quite overwhelming.”
Arlington: Most Competitive Housing Market in U.S. — “The most competitive U.S. housing markets are the two that are closest to Crystal City, home of Amazon’s upcoming second headquarters (HQ2) in Virginia: Alexandria and Arlington. This is according to the latest ranking of cities by Redfin Compete Score.” [Redfin]
County Hits Record Low Tax Delinquency — “Treasurer Carla de la Pava announced that the delinquency rate for real estate and personal property had fallen to 0.177 percent, down from 0.21 percent a year before and the lowest not just in county history, but perhaps the lowest ever among any jurisdiction in Virginia history.” [InsideNova]
A local bookstore is holding an auction to raise money after the owner says rent increased by 30 percent this year due to property tax changes.
One More Page Books, located in the East Falls Church neighborhood at 2200 N. Westmoreland Street, is hosting a silent auction fundraiser from Friday, August 2 at 6:30 p.m. until Sunday, August 18 at 5 p.m. The bookstore is currently finalizing the item list, which currently ranges from artwork and chocolates, to bike tours and book manuscript consults.
Virginia’s annual sales tax holiday is set for this coming weekend.
Gov. Ralph Northam (D) announced this week that the tax-free weekend will last from this Friday, August 2 through Sunday, August 4. Shoppers can take advantage of it by purchasing items like school supplies and back-to-school clothes, as well as emergency equipment to prepare for hurricane season and energy-efficient home appliances, without the added expense of a sales tax.