Area Property Values Recover Slowly

January 1, 1999

Taxable residential and commercial property values in the Washington metropolitan area totaled $333 billion in 1998. The average per capita value was $79,360, but there were wide variations in values ranging from $121,101 in Arlington County to $50,550 in Prince George’s County. The District’s per capita value of $78,579 was slightly below the area average. Some of the differences in per capita values are attributable to differences in what is taxed and how properties are assessed.