On April 20, 2013 the Arlington County Board adopted a $1.09 billion General Fund Budget for Fiscal Year (FY) 2014 that includes a 3.5 cent increase in the real estate tax rate and additional funding for affordable housing, maintenance of County-owned facilities and infrastructure, employee compensation and core services.
The real estate tax rate will rise by 3.5 cents, from $0.971 per $100 of assessed value (including the sanitary district tax) to $1.006 per $100 of assessed value. The overall tax and fee burden for the average Arlington homeowner will increase 4.1% -- or about $23 a month. That amount includes the increase in real estate assessments and fee changes. The FY 2014 budget includes no increases for personal property tax, business tangible property, business and professional licenses, or the commercial transportation tax rates. The household solid waste rate will also be slightly reduced from $293.92 to $293.76.
The total FY 2014 transfer to Arlington Public Schools is $415.7 million. This funding includes an increase in ongoing funds of $12.3 million and fully funds the cost of more than 1,000 new students as part of the real estate tax rate increase. In addition to the ongoing funding provided to Schools, $3.1 million in one-time funds from 2013 tax revenues are provided. The County Board has also set-aside a $6.6 million contingency fund to address community enhancements needed as part of Schools’ capacity projects and for joint use projects.
FY 2014 QUICK LINKS