HB570 is an outstanding bill in the Virginia General Assembly that takes on particular relevance in 2010, with property assessments likely being challenged by some in Charlottesville, Albemarle and surrounding Counties. … It “Changes the burden of proof from the taxpayer to the assessor when a taxpayer appeals the assessment of real property to a board of equalization or to a circuit court.” … The burden of proof shall be upon the assessor when a taxpayer seeking seeks relief to show that because the property in question is valued at more than its fair market value, that the assessment is not uniform in its application, or that the assessment is otherwise not equalized. In order to receive relief, the taxpayer must produce substantial evidence that the valuation determined by the assessor is erroneous and was not arrived at in accordance with generally accepted appraisal practice.
Posts Published by Jim Duncan
Yes Charlottesville – It is Supposed to Snow
Again . CBS19Weather says – @ JimDuncan Some models are indicating 12-18″; that is of course preliminary & subject to change. Our prediction comes closer to time (tk) and : WINTER STORM WARNING until early Wednesday for: Albemarle, Nelson, Greene, Madison, Orange & Culpeper Cos. (tk) I’ve heard we’re supposed to get 2-4 inches tonight, and this weekend anywhere from 12 to 40 inches of snow in the Charlottesville area.
… CBS19Weather : @JimDuncan warning means it’s occurring or is imminent…a watch means that we’re on the lookout…i like your definitions though!
… CBS19Weather : @JimDuncan warning means it’s occurring or is imminent…a watch means that we’re on the lookout…i like your definitions though!
Glenmore Embezzler to Plead Guilty
This is reason I advise my clients to pay the most attention to the budgets of HOAs. I’m writing about this for no reason other than I think it’s an important lesson for buyers –…
Foreclosures, FHA and Tax Credit Timelines and a Look at 2010
Some of the topics we discussed: – Foreclosures in Charlottesville’s MSA – FHA’s increasing limits/guidelines (story coming later this week) and their impact on the real estate market, specifically first-time homebuyers. – The homebuyer tax credit’s impending expiration – If you’re buying a home, you must have it under contract by 30 April 2010 . – How much time do buyers and sellers have before FHA and homebuyer tax credit hit the market? … I appreciate you waiting while I could do that because I wanted to share that press conference with people because folks haven’t have a chance yet to hear WINA has been playing extended clips but they haven’t had a chance to hear the entire thing from beginning to end and if we have time again today I’m going to play that again and it will be podcast www.wina.com and www.cvillepodcast.com .
…We have the volume of sales in the Charlottesville area are up in some categories dramatically from a percentage wise year over year or actually quarter over quarter, but what we’re seeing is I think that that may be a false indication of what’s going to happen in the next three to five years. … Duncan: One of the things that I think we’re seeing now is that the people who are buying now are doing it now with the intent to be in the community and that’s something that we haven’t seen over the last five to seven years.
Great Discussion on Growth in Albemarle and Charlottesville
At Cvillenews . The conversation is worth your time.
Friday Chart – Foreclosures in Charlottesville MSA
This concerns me; if only because finding accurate and relevant data for the Charlottesville real estate market is getting harder and harder; thus, advising my clients is becoming more and more challenging .
I was on the radio with Coy Barefoot the other day discussing the Charlottesville real estate market. If you follow me on Posterous, you may have already heard the segment ; you may also listen to the show at Charlottesville Podcasting Network . Thanks to VARBuzz .
Bundoran Farm on Virginia Public Radio
From Joe Barnes with Bundoran Farm : Virginia Public Radio recently aired a segment on Bundoran Farm and our efforts to preserve the character and use of the 2,300 acres of this legacy landscape, promote on going environmental stewardship and craft a great place for people to live in and enjoy the countryside of Charlottesville, Virginia and Albemarle County region. WVTF’s Sandy Haussman reports on this new model of conservation development we refer to as “Preservation Development.†In addition to providing as high level overview of the development concepts, you can hear first hand comments from Fred Scott, the previous owner of Bundoran Farm, Mary Tillman, one of Bundoran Farm’s Founding Stewards and Ed McMahon, a Senior Fellow with the Urban Land Institute. Here’s a link to the podcast