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New Budget Will Cost Arlington Homeowners

  • April 23, 2012

by UrbanTurf Staff

New Budget Will Cost Arlington Homeowners: Figure 1
Home for sale in Arlington

On Saturday, the Arlington County Board approved a budget that will cost homeowners in the county.

The passed $1.05 billion budget includes a 1.3 cent increase for the real estate tax rate in Fiscal Year (FY) 2013, which translates to $0.971 per $100 in real estate value. This means that the overall tax and fee burden for the average Arlington homeowner will increase 2.4 percent — or about $13 a month or $155 a year. The budget includes no increases for personal property tax, business tangible property, business and professional licenses, or the commercial transportation tax rates, and trash and recycling fees will decrease $32, to $294 per household.

It appears that a measure to persuade county employees to live where they work did not make it into the final budget. As reported by Ballston-Virginia Square Patch a week ago, there was talk among county officials to include $114,000 in the FY 2013 budget to support a one-time grant for county employees who buy a home in Arlington.

See other articles related to: taxes, tax assessments, arlington

This article originally published at http://dc.urbanturf.com/articles/blog/new_budget_will_cost_arlington_homeowners/5448

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