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Board confirms revised assessment for mixed‑use project; personal property exemption left to Commissioner of Revenue
Summary
Board confirmed the county’s revised assessment of $373,026,500 for a mixed‑use hotel/retail/apartment parcel after appellants and county largely agreed on value but disputed personal property (PPT) timing; Chair advised appellant to seek relief from the Commissioner of Revenue.
The final appeal involved a complex mixed‑use property (hotel, retail and apartments). Appellant representative Mr. Chitlick told the board he accepted much of the county’s revised NOI and value but objected to how business tangible personal property (PPT) was deducted because the hotel opened after the 2025 lien date and the appellant says the hotel had no PPT on 01/01/2025; the owner reported $16,881,759 in PPT as of the 2026 lien date.
“The lien date for personal property in Arlington is January 1,” Mr. Chitlick said, arguing the hotel was a construction site on 01/01/2025 and therefore the owner should receive credit for PPT present as of 01/01/2026. County representative Mr. Chikas explained the PPT process: owners file business tangible returns by May 1, the Commissioner of Revenue processes the filings and the assessor applies the depreciated PPT figure in the following year’s assessment; the county said it has already applied substantial PPT deductions for 2025 and will accept the Commissioner’s 2026 determination when available.
Board members noted that adjustments for PPT are administered by the Commissioner of Revenue and not by the Board; the board voted to confirm the county’s revised assessment of $373,026,500 and advised the appellant to follow up with the Commissioner of Revenue about PPT filings and any needed corrections.
