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Renata Snapko

  • Arlington and other jurisdiction residential real estate tax rates 2011-2012

    Residential real estate taxes increased for most Northern Virginia home owners on July 1. Arlington has the lowest tax rate in Northern Virginia !!! We probably have the highest value assessments, but I think it's something to feel good about. Please note - Loudoun County, Town of Vienna and Town of Herndon and City of Falls Church has the highest rates. Below is a list of current tax rates for local jurisdictions.

     FY 2011-2012 Residential Real estate Tax rates (all rates are per $100 of assessed value)

    Arlington County -  $0.958 + $0.125 for commercial properties

    City of Alexandria -  $0.998

    Town of Clifton - $1.07

    City of Fairfax - $0.965

    Fairfax County - $1.07 + $0.11 for commercial properties

    City of Falls Church- $1.27

    Town of Herndon $0.265 + Fairfax Co tax

    Loudoun County - $1.285

    Prince William County - $1.204

    Town of Vienna - $0.2421 + Fairfax Co tax

     

    So how different would be the tax if your property was assessed at $500,000.  In Arlington you would pay $4,790 in taxes per year, in Loudoun Co  you would pay $6,425 - that is $1,635 more.

     
    Posted Thursday, September 01, 2011 3:31 PM by Renata Briggman | 0 Comments

  • Financing Assistance Program in Arlington!

    Do you want to purchase a home inArlington but cannot come up with the money for a down payment? If theanswer is yes, then the MODERATE INCOME PURCHASE ASSISTANCE PROGRAM (MIPAP) maybe for you.  MIPAP is a second trust loan providedby Arlington's housing division to qualified first time homebuyers that want tobuy real estate - single-family homes, townhomes and condos in Arlington County.

     

    This program allows low and moderate-income first time homebuyersto borrow a loan up to 25% of the purchase price to assist with the downpayment and closing costs.  Theborrower will pay no interest or no monthly loan repayments with this program.  So, what's the catch?  If the homeowner chooses to refinance or salethe property, then he or she must repay the principal of the loan plus aproportionate share up to 25% of the appreciation; In other words, thedifference between the original purchase price and the new sales price (minusseller's concessions).

    To learn more about this program feel free to contact me at 703-217-2077 or email me at Renata@TheArlingtonExpert.com

     

    Householdeligibility:

     

    First-time Homebuyers (have not owned a home in theprevious three years)

        HouseholdIncome Limits  (2011)            

    Household Size

    Maximum Household Income

     

    1

    $59,440

    2

    $67,920

    3

    $76,400

    4

    $84,880

    5

    $91,680

    6

    $98,480

    7

    $105,280

    8

    $112,080 

    Posted Friday, August 26, 2011 10:05 AM by Renata Briggman | 0 Comments

  • Arlington Condo Market - February 2007

    Condominium market in February, 2007 in Arlington Virginia was a lot more active than last year.  According to MRIS - total number of condos/coops sold in Arlington in 2/06 was 84 - this year the number is 121 - we are experiencing higher demand for sure - almost 70% increase! 

    Just last fall Clarendon 1021 had a few 1-bedroom condos listed under $400,000 - there were no sales under $400,000 in Clarendon 1021 last February.  I think "buyer's" market might not be so "buyer's" any more.  Well priced listings are flying out of the market in less than a week. 

    I am looking forward to see the statistics for March - it will be here April 8th.

    Posted Thursday, March 29, 2007 6:42 PM by Renata Briggman | 1 Comments

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