BALLSTON-VIRGINIA SQUARE

Civic Association Newsletter

April/May 1997 - Volume 20, No. 6

ARLINGTON REAL ESTATE TAX TABLE

TAX YEAR	HOME VALUE	% CHANGE	TAX RATE	% CHANGE	TAX PAYMENT	% CHANGE
1987	124,777	10.3%	0.92	-2.1%	$1,148	7.9%
1988	140,436	12.5%	0.89	-3.3%	$1,250	8.9%
1989	171,300	22.0%	0.78	-12.4%	$1,336	6.9%
1990	189,040	10.4%	0.765	-1.9%	$1,446	8.2%
1991	189,961	0.5%	0.765	0.0%	$1,453	0.5%
1992	185,285	-2.5%	0.82	7.2%	$1,519	4.6%
1993	184,480	-0.4%	0.86	4.9%	$1,587	4.4%
1994	184,250	-0.1%	0.897	4.3%	$1,653	4.2%
1995	186,360	1.1%	0.94	4.8%	$1,752	6.0%
1996	185,400	-0.5%	0.96	2.1%	$1,780	1.6%
1997	186,030	0.3%	0.986	2.7%	$1,834	3.0%

On April 12, 1997, the Arlington County Board unanimously adopted a $565.9 million budget for Fiscal Year 1998, raising the real estate property tax rate by 2.6 cents per $100 of assessed value. This increased real estate tax rate is effective on July 1, 1997, and marks the sixth consective year the County Board has unanimously voted to increase this rate. The above table depicts the increase in real tax payments for the average assessed single-family residential property in Arlington County for the past 11 years. Since Tax Year 1987, the real estate tax payment for an average home in Arlington has increased $686, or 60%.