Under the Adopted Budget, the average Arlington homeowner (home valued at $552,700_ will see an overall tax fee burden rise 4.6% or about $27 per month. This reflects a 5.3% increase in average residential property assessment and 3.4% percent increase in the water-sewer rate.
For those who do know own real estate in Arlington, VA yet this is how real estate tax is calculated. All VA residential real estate is assessed every year based on the most recent market data – these assessments are not very accurate, but they do show a general market trend. Property owners can appeal if the assessed values are too high. Then Counties set real estate tax rate every year. In Arlington we are very lucky to have all the commercial real estate paying a lot of real estate taxes – that really helps to keep the rates down. Property assessed values are a public record and you can find assessed values here for any specific property.