Home Charlottesville releases 2018 real estate reassessment
Local News

Charlottesville releases 2018 real estate reassessment

Contributors

charlottesvilleThe Charlottesville City Assessor’s Office has completed the 2018 reassessment. Of the 15,040 taxable properties, residential parcels increased by an average of 6.7%. Commercial properties (including apartments, retail, office, industrial, vacant land) increased by an average of 2.6%. When residential, commercial, and new construction are averaged together, taxable properties in the City increased by 5.7% in 2017.

Additional details of this year’s figures include:

  • Residential properties
    • Assessments for existing residential property increased in value by 6.7%
    • 86.8% of residential assessments increased in value, 3.9% declined, and 9.2% did not change
  • Commercial properties
    • Assessments for existing commercial property increased in value by 2.6%
    • 50.9% of commercial assessments increased in value, 25.8% declined, and 23.4% did not change
  • Combined existing residential and commercial property increased in value by 4.9%
  • New construction value included for 2018 is 0.85%
  • When new construction and reclassifications are added to the value of the existing property, the total value of property in the city increased by 5.5%

General FAQ’s about the City Assessor’s Office and assessment process can be found at www.charlottesville.org/assessor. The City Assessor’s Office can be contacted via telephone at 434-970-3136MondayFriday8 a.m. to 5 p.m.

Contributors

Contributors

Have a guest column, letter to the editor, story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

snow and ice sunrise sunset
Virginia News

Snow, sleet, freezing rain possible on Saturday in Virginia, West Virginia

non dairy milk
Local News

Rockingham County: Teamsters announce deal with Danone with pay, benefit increases

Teamsters Local 29, which represents 550 dairy workers at the Danone North America plant in Rockingham County, have ratified a new contract that includes significant pay and benefit increases. “Our members deserve a great contract that reflects the sacrifice and commitment they provide to making Danone successful, and that is exactly what we accomplished,” said...

kymora johnson uva basketball
Basketball, Sports

Women’s Basketball: #22 Florida State coasts past Virginia, 101-68

Florida State, up 18 at halftime, erased all doubt with a 34-point third quarter, on its way to a 101-68 rout of Virginia on Thursday at JPJ.

mom and daughter, Tammy and Kaitlyn Duffy
Virginia News

‘Make a plan’: Virginia mom fulfills promise to daughter who was killed by a drunk driver

Local News

Woodrow Wilson Presidential Library to display Kushnir art of Shenandoah Valley

baseball
Baseball, Sports

Fredericksburg Nationals will pay homage to all-Black team in 2025 season

ben cline elon musk
Politics, U.S. & World News

Elon Musk fanboy Ben Cline goes to bat for neo-Nazi billionaire buddy