Charlottesville real estate assessments up roughly 12%

Published: Jan. 30, 2023 at 3:13 PM EST
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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.

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