UPDATED March 2019
2019 Appeal Deadlines Approaching
The 2019 assessments have been released in all Northern Virginia jurisdictions, and now is the time for property owners to focus on potential appeals. In Arlington County, the assessed values of commercial office properties are up 4.3%. In the City of Alexandria, commercial assessments are up approximately 2.70%. Fairfax County has increased non-residential assessments by 5.19%, and Loudoun County commercial assessments are up 7.66%. Arlington County has proposed an increase in the real estate tax rate for the current tax year, while Fairfax County and the City of Alexandria are expected to remain flat. Those rates will be reviewed and potentially adopted over the next several weeks.
Because market conditions have not drastically changed, the changes in assessed value may not adequately reflect the current value of a particular property. Assessment appeal deadlines are coming up in Arlington County (April 15), and in Fairfax County, Alexandria and Loudoun County (June 3). To discuss the merits of an appeal of your assessment, please contact us at the numbers listed below.
Wilkes Artis, Chtd.
American Property Tax Counsel (APTC)