Arlington Property Values See Overall 2% Increase for 2025

Arlington’s overall property tax base grew modestly from 2024 following continued residential growth and new construction, while commercial values were largely flat.  

The total assessed value of all property in Arlington increased 2% for calendar year 2025, compared to 2.5% growth in 2024.

Residential property values continued to improve with 3.7% overall growth, while commercial property values increased 0.1%. New residential and commercial construction contributed to 0.5% of the 2% overall property assessment growth.

"The continued increase in residential property values year over year demonstrate the attractiveness of the Arlington community,” said County Manager Mark Schwartz. “And it’s the real estate tax revenue that allows us to invest in the community, helping to fund high-quality programs and public services for our residents, visitors, and businesses.”

Notice of Assessments will be mailed to Arlington property owners beginning Jan. 18, 2025.  

Look up your 2025 property assessment 

The average single-family property value – including condos, townhouses, and detached homes – increased from $824,700 to $854,900. For 2025, approximately 80% of residential property owners saw their assessed value increase while the rest remained unchanged or declined.

Real estate taxes provide almost 60% of the County’s total revenues. Real estate assessments affect the amount of tax revenue the County collects to support County services like schools, parks, and public safety. The County’s real estate tax base is split between residential (56%) and commercial (44%) property assessments.  

WATCH: 10 Things to know about property assessments

Commercial property values increased by 0.1% from the previous year. Existing office property values decreased by 11.1% due to continued pressure of office vacancy rates and changing demand for office space.

Hotel property values strongly increased by 22% as occupancy, room rates, and new construction increased this sector’s overall tax base. The apartment sector experienced modest growth of 4.2%, which includes 1.7% due to new construction. General commercial (malls, retail stores, gas stations, commercial condos, etc.) property values showed a slight return to growth, increasing 2.6% overall.  

Pressures for the Upcoming County Budget 

The County is facing challenges in the FY 2026 budget due to the growth in expenses outpacing the growth in revenue. The commercial office market’s high vacancy rate continues to impact revenue, while expense pressures include increasing costs for goods and services and wage growth.  

In December 2024, the County Board directed the County Manager to propose a balanced budget with multiple options including: 

• Service and program efficiencies, including options for service delivery reductions and eliminating activities that are no longer priorities along with the possibility of tax and fee increases providing it meets certain County Board parameters
• Full funding of the collective bargaining agreements 
• Provide funding for the various affordable housing and social safety net priorities including housing grants, the Affordable Housing Investment Fund (AHIF), eviction prevention, homeless services, and food assistance
• Funding Arlington Public Schools consistent with the Principles of Revenue Sharing

The County Manager will present his proposed budget to the Board in February 2025. 

About Real Estate Assessments 

Real estate assessments are the County's opinion of fair market value for each parcel of real property in Arlington. Assessments are made annually 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

Ryan Hudson
rhudson@arlingtonva.us

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