Comments on: Assessments, property taxes and shifting market values in Albemarle County

By: You’re Going about It all Wrong - Or How to Search for Homes in Charlottesville (Without a Realtor) | Real Central VA

Fri, 13 Mar 2009 18:46:00 +0000

[...] a. Tax Assessment price (editor’s note:In my opinion, assessed values have little to no correlation to what a property’s actual market value would b…) [...]

By: Albemarle County Assessments are on the Horizon | Real Central VA

Albemarle County Assessments are on the Horizon | Real Central VA — Thu, 22 Jan 2009 16:42:59 +0000

[...] Assessments create an annual debate. There was a good clarification last year: [...]

By: Wrapping Up Tuesday’s Radio Appearance | Real Central VA

Wrapping Up Tuesday’s Radio Appearance | Real Central VA — Fri, 14 Nov 2008 11:01:18 +0000

[...] Assessments versus market value versus appraisals – I was going to link to a few of the stories I’ve written about these, but there are quite a few stories over the past several years. Please go to the Archives page and search for the stories with “assessments” in the titles. But – start here – Assessments, property taxes and shifting market values in Albemarle County [...]

By: Short Seller

Short Seller — Wed, 19 Dec 2007 21:05:48 +0000

To add to my previous comment, I saw recently that the City of Waynesboro included the following statement in its FY2008 budget that Lawrence Yun, himself, might have penned:
“There is early anecdotal evidence that the rapid rise in value of real estate in Waynesboro has slowed in recent months but no indication that this trend will reverse in the near future. Rather, it should be expected that land values, particularly in new subdivisions and in active commercial areas, including downtown, will continue to appreciate in response to market pressure.”

By: Short Seller

Short Seller — Wed, 19 Dec 2007 20:41:24 +0000

Excellent points here. It seems that in many municipalities, our elected officials are either unaware of this coming concern or unwilling to address it today in hopes that the trends will improve sometime soon. Either way, it seems irresponsible to me.