Arlington County Real Estate Assessments

The 2018 Arlington county real estate assessments are in. The following is a press release from the county, including a link to find your current assessment. Yes, your assessment probably went up, yes, you’ll pay more in taxes, yes your home is now worth more and that’s a good thing.

Arlington Property Values Rise at Slower Rate in 2018

  • Overall increase of 1.9 percent (compared to 3.0 percent last year)
  • Average residential property up 3.8 percent
  • Most commercial property values up, but office values down 6.8 percent
  • CY 2018 assessments available online at 11 p.m., Friday, Jan. 19

Arlington County property values grew at an overall slower rate in 2018 compared to the previous year, as the County completed its annual assessment process. Declines in office property values were the main driver of the slowdown.

Overall, the combined value of all residential and commercial property rose by 1.9 percent over the past year, compared to 3.0 percent the previous year.

Residential properties recorded a solid 3.9 percent increase, up from 2.5 percent last year. The value of the average Arlington home, including condominiums, townhouses and detached homes, is now $640,900, up from $617,200 last year.

“Year after year, we see through our rising residential property values that Arlington is a place people want to live,” said County Manager Mark Schwartz. “At the same time, we’ll have some challenging budget decisions in the months ahead, given that our overall property values did not grow as much as projected.”

Most commercial property values rose in 2018, too, with hotels, retail and apartments all posting gains. Existing apartment values increased 4.1 percent, reflecting increasing rents, while general commercial increased 2.7 percent and hotels increased 1.0 percent.

Office properties, which represent 17.6 percent of the County’s total property tax base, saw significant declines—down 6.9 percent since last year. This decrease was driven primarily by office vacancies as well as rent concessions.

Real estate assessments will be mailed on Saturday, Jan. 20, to all Arlington property owners. Calendar year (CY) 2018 assessment information will be available online Friday, Jan. 19, at 11 p.m. The CY 2018 assessment is an estimate of the fair market value as of Jan. 1, 2018. Look up your 2018 property assessment.

Slower growth in assessments will impact County budget

Arlington, like all local governments in Virginia, relies heavily on revenue generated from real estate property taxes to fund vital services for residents, visitors, businesses and workers.

This past fall, County officials projected a 3.2 percent increase in the value of all residential and commercial real estate—and a comparable increase in tax revenues. With actual growth of 1.9 percent, the County will face a greater shortfall as it works to develop a balanced budget for the upcoming 2019 fiscal year, which begins July 1.

Expenditures are rising at a greater rate than revenue, due to normal inflationary cost increases and other pressures, including rising costs for social services for residents, significant increases in enrollment in Arlington Public Schools, and increasing debt service costs.

The County and Schools will work with the community to determine how best to balance these and other competing demands, including making strategic investments to enhance the County’s economic competitiveness and minimizing the burden on County taxpayers.

The County Manager and Arlington Public Schools Superintendent will present their budgets to the County Board and School Board in late February.

For more information on the budget process, visit the County Budget webpage.

About real estate assessments

Real estate assessments are not appraisals. They are the County’s opinions of value for each parcel of real property in Arlington. The assessments are made using accepted methods, standards and techniques of the real estate appraisal and assessment profession. For more information, visit the County webpages on real estate assessments.

Media Contact

Ben Hampton, 703-228-3225


N. Arlington Open House January 14

Look past the green carpet and you’ll see an incredible real estate opportunity in N. Arlington. Priced at $785,000, this lovely brick home located in the new Discovery School district of N. Arlington. This home is larger than it looks and features a family addition off a sizable kitchen. Large deck off the family room for barbecues and entertaining. Near shopping and restaurants including CVS, Peking Pavillion, Backyard Barbecue and more. Easy access to bus service and near the East Falls Metro too. 3 bedrooms with a potential 4th in finished room in basement. Storage in Large finished lower rec room and extra storage too. Lots of space for the money in this neighborhood of $1M-$2M homes. Visit the Open house from 1-4 on January 14, 2017 or call or email me for a private showing. 571-228-5656 janejensen@comcast.net.


Just listed. $785,000 N. Arlington. Near EFC Metro.

Just listed. This well maintained, well loved home in N. Arlington. Located at the corner of Williamsburg Blvd. and Potomac St.  Location provides easy access to the shops and restaurants at the Williamsburg Circle and the East Falls Church Metro. The Arlington schools are Discovery, Williamsburg and Yorktown. This home is larger than it looks and features a nice family room addition off the open kitchen as well as a finished sun room.  The addition is light and bright and includes skylights. There is a large deck off the family for summer entertaining and BBQs.The snow and cold won’t last forever.The lower level features a large recreation room and a separate room that could have various uses. The addition of a larger window could make this a 4th bedroom.  This is an attractive Arlington real estate investment. It’s located in a neighborhood full of $1M-$2M homes so you can feel free to use your imagination to do whatever updates you choose. The HVAC system and roof are newer. It’s listed at $785,000 and appraised in August 2017 for $800,000.

 

Contact me at 571-228-5656 or email Jane Jensen at janejensen@comcast.net to see it. Open house will be Sunday January 7 from 1-4.


Coming soon. N. Arlington home, walk to metro

Looking for real estate in N. Arlington? Need some room to roam with a budget under $1M? This home is larger than it looks and has features that you’ll generally find in $1M+ homes. 3 bedrooms and 2 baths on main including master bath. Master bath features a dual vanity and bedroom has two closets. Nice size kitchen with adjoining family room area with fireplace. Three season addition off the kitchen/family room. Large finished lower level with fireplace, bedroom, workroom and storage.  Front porch to enjoy this wonderful neighborhood. Large shed with carport in rear. Oversized flat lot for gardening, play time, etc. All this and walk to the East Falls Metro.

IMG_89976239 23rd St. N. Arlington, Va. 22205.

Contact:  Jane Jensen  janejensen@comcast.net 571-228-5656

Your Westover Farmers Market Real Estate Sponsor


Walk to metro brick home in N. Arlington…under 800K

Yes, you read that right. Coming soon, lovely home on the corner of Williamsburg Blvd and Powhatan St. in N. Arlington. This a wonderful real estate deal. 3 Bedroom, 2 bath home with finished basement and bump out family room and deck off nice size kitchen. Fireplace and hardwoods under rug too. Walk to the East Falls Church Metro. Walk to Williamsburg restaurants and shops. Plenty of $1M-$2M homes in this neighborhood so you can feel free to do a nice renovation of kitchens and baths. You’re gonna love it. IMG_8988janejensen@comcast.net 571-228-5656


Sold! Beautiful N. Arlington Home

This wonderful N. Arlington home went under contract in 5 days. It was listed for $945,000 and sold for $950,000. The owner did a wonderful job in prepping the home for sale and we priced it and marketed it to generate the most interest. It is located just minutes to Chain Bridge and DC on a quiet cul-de-sac. Talk to me about home to price and market your real estate in Arlington, Va. janejensen@comcast.net 571-228-5656


Congratulations to new buyers Fred and Jodi

Big congratulations to new real estate buyers Jodi and Fred Comunale. Jodi and Fred were referred to me by a former co-worker from my technology days. Jodi is the daughter of my co-worker. Jodi and Fred were renting a townhome in Arlington. When their beautiful baby Lia came into their lives, they knew they needed a home with a yard. They decided on this lovely home on 1004 North Quantico St. Arlington, Va. The home is located in popular Madison Manors and is served by Mckinley/Swanson/Yorktown schools. It’s nearby the popular shops, library, restaurants and farmers market of Westover.

I know they are going to love living there! Congratulations.

IMG_8588

 


New North Arlington, Va Listing

On the market Friday. Listed at $945,000. This beautiful brick home is located 5 minutes to Chain Bridge and 10 minutes to DC. Quiet cul-de-sac in great neighborhood. Private lot is over 1/4 acre.  4 bedrooms, 3 full baths, large patio and beautifully landscaped yard. Large family room with fireplace, wet bar and kitchenette. Pool table conveys as well! You will love this home. 10 year young architectural shingle roof, HVAC is 1.5 years old, New refrigerator and dishwasher, double over, cook top and microwave 5 years young. This is a wonderful N. Arlington real estate property. It will go fast. Call or email for a preview. janejensen@comcast.net 571-228-5656

3857 N. Tazewell St. Arlington, Va. 22207



Crime in Arlington, Va continues downward trend

The Following is a Release from the Arlington County Police Department:

 

Police Release 2016 Annual Report

ARLINGTON, Va. – The Arlington County Police Department has released the 2016 Annual Report, highlighting the many endeavors the men and women of this department undertake to maintain Arlington County as a safe place to live, work and visit. Last year the agency adopted three key initiatives to guide staff as we continue to deliver professional police services to our community. These initiatives are community engagement, transportation safety, and crime prevention and control. In recognition of our commitment to keeping the Arlington community informed and engaged, this annual report reflects accomplishments in each initiative.

Among the information in the annual report is the 2016 crime statistics. Arlington’s overall crime rate, which is comprised of Part I offenses as defined by the Federal Bureau of Investigation, decreased by 2.4% in 2016. The grand total of Part I offenses (homicide, rape, robbery, aggravated assault, burglary, larceny and motor vehicle theft) was 3,512 in 2016, down from 3,628 in 2015. Over the last five years, the overall crime rate in Arlington County has continued to trend downward.

The majority of crimes reported to the Arlington County Police Department are Part II offenses which encompasses various felony and misdemeanor crimes. Part II offenses decreased marginally by 0.34% from 7,313 in 2015 to 7,288 in 2016. Additionally, calls for service received by the Police Department dropped by 4.5% from 87,475 in 2015 to 83,511 in 2016.

Traffic statistics also reflected a decrease in 2016 as there were 140 fewer reportable crashes than in the previous year. Crashes involving bicycles decreased by 30.4% from 46 in 2015 to 32 in 2016. While there were 24 more reportable pedestrian involved crashes in 2016 than in the previous year, the number of reported incidents have remained relatively consistent over the last five years. In 2016, there were zero pedestrian, bicyclist, or driver fatalities investigated by the Arlington County Police Department.

The Arlington County Police Department remains committed to proactively policing our neighborhoods to prevent and reduce crime, building strong partnerships with the community and effectively communicating to ensure the public’s trust. By working together with our citizens, we can continue to maintain the safety of Arlington County.

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Media Contact

Ashley Savage, 703-228-4331