Charlottesville real estate assessments up roughly 12%
CHARLOTTESVILLE, Va. (WVIR) - The numbers are in, and real estate assessments in Charlottesville are up a little more than 12%.
“This year, it’s certainly been a seller’s market,” City Assessor Jeffrey Davis said Monday, January 30.
Davis says sales are up in most of the city’s 51 residential & condo neighborhoods, as well as the 21 commercial neighborhoods.
Charlottesville says the value of residential properties increased by 11.5%, while commercial properties increased by 12%.
“When the appraisals go up the assessments go up, that’s going to mean a larger tax bill for many of these property ownersn” Davis said.
He says this will add up to more money for Charlottesville.
There is a 30-day appeal period if you feel that your assessment is incorrect. The deadline is March 1.
Do you have a story idea? Send us your news tip here.
Copyright 2023 WVIR. All rights reserved.