County Board Responds to BVSCA's E-mail on Proposed Real
Estate Tax Abatement
Date: May 15, 1998
Dear Ernie:
Enclosed is the County Manager's response to my inquiry on your
behalf about the possibility of real estate tax exemptions for
renovated or replacement structures.
If you have questions after reviewing the enclosed, please let me
know.
Signed Christopher Zimmerman, Chairman
The enclosed follows:
ARLINGTON COUNTY, VIRGINIA, INTERDEPARTMENTAL MEMORANDUM
DATE: May 11, 1998
TO: Christopher Zimmerman, Chairman, Arlington County
Board
FROM: Willian T. Donahue, Acting County Manager
SUBJECT: G54602 - Real Estate Tax Exemption for Renovated
or Replacement Structures
In regard to Mr. Ragland's letter and its ideas about real estate
tax exemption:
(1) Arlington does provide a 10-year multi-family dwelling
rehabilitation real estate tax exemption for the economic value
of the rehabilitation.
(2) The County does not provide that real estate exemption for
renovated or replacement single-family or commercial
buildings.
(3) The Strategic Area Revitalization Study (SARPS), which is
now in process, is examining this tax mechanism as a possible
tool in serving as a rehabilitation incentive where the real
estate economic marketplace is not making such investments. The
SARPS examination includes a review of the rehabilitation,
renovated and replacement tax exemption options now permitted
under State Code.
As Mr. Ragland's material indicates, some thirty Virginia
jurisdictions (including Arlington) have implemented the State-
authorized programs in varying degrees.
When the SARPS study is complete and presented to the County
Board, a further discussion of this option would be
warranted.
C:
Mark Jinks, Acting Assistant County Manager
John Mausert-Mooney, Assistant County Manager
Bill Thomas, CPHD
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