Arlington County property values showed modest growth again for 2017, with property values growing 2.9 percent over 2016, according to county officials. That increase includes 2.1 percent for existing properties and another 0.8 percent for new construction. Both residential and commercial properties saw increases in value.
The value of the average Arlington home (existing single-family properties, including condominiums, townhouse and detached homes), increased 2.3 percent from $603,500 in Calendar Year 2016 to $617,200 in CY 2017.
The 2017 assessment information is available online at https://propertysearch.arlingtonva.us/.
The 2017 assessment is an estimate of the fair market value as of Jan. 1, 2017.
Commercial properties, including office buildings, apartments, hotels and retail, increased 3.4 percent. The increase was fueled by 1.6 percent growth from new construction across the commercial sectors and by 14.6 percent growth in existing hotels. Existing office property values remained flat, while existing apartments increased 1.9 percent — these two sectors represent 82 percent of the commercial tax base.