Fairlington (and Arlington) 2014 Condo Tax Assessment Increases Are Inversely Proportional to 'Affordability'
Thanks for this blog.
I live in the Clarendon II townhouse in North Fairlington I purchased for $150,000 in the mid-90's. My assessment increased by $41,000 this year from $364,300 last year to $405,300. I haven't done anything much to my condo over the past 17 years, a few minor interior upgrades (renovated kitchen and new bathroom fixtures, nothing major that requires a building permit), new appliances, new heat pump, and so on.
So, why are ALL the Clarendon II condo units in Fairlington being bumped up by $41,000 no matter whether the owners applied and received multiple building permits for major upgrades or have have made few or no improvements except for replacing appliances? Same for the larger Clarendon I condos in South Fairlington. But their assessments increased by about $20,000 this year. Moreover, having visited the County Assessor's Web site it is most disconcerting to see that the smallest and most affordable condo units in Fairlington were hit with massive assessment increases. And we're talking about 1-bedroom condo units occupied by retirees who have lived here for 35 years.
Appears that the same occurred in other condo communities across the County that have various units with various amounts of interior space. The most affordable condominium housing got hit with the biggest assessment increases in 2014. What kind of Smart Growth is that?