Albemarle County Real Estate Assessments are Live
See the updated Albemarle County real estate assessments yourself. I've done a random sampling and although I've been told that Albemarle County assessments are down ~3%, I've seen drops ranging from 1% to nearly 20%. This stuff matters, not simply because the assessed values affect…
Albemarle County Property Tax Rate set to Increase
It's unconscionable that governments would seek to raise taxes in the midst of a recession. Currently the tax rate in Albemarle County is 71 cents - meaning that a homeowner living in a house assessed for $100k would pay $710 per year. Assessments have dropped…
Albemarle County property assessments are out
I guess the claim that they didn't want to release them until the homeowners got them wasn't entirely genuine. Everything's politics; everything has spin. Witness today's Daily Progress article; getting ahead of the curve is valuable. The average reassessment increases or decreases, by magisterial district,…
Get ready for real estate assessments in Albemarle County
Whoo-boy. Get ready folks for a whole flurry of news, blog posts, media coverage and general griping and hallelujah-ing, depending on the perspective. I just got off the phone with the Albemarle County Assessor's office; two properties' assessed values in the the same subdivision in…
Assessments, property taxes and shifting market values in Albemarle County
Albemarle County's real estate assessments are now going to be done annually rather than biennually (contrast that with Nelson County to the south re-assesses every five years). I just received a call from an appraiser working for the county. He noticed that one of my…
Priced below assessment
It's amazing how times have changed. Before the market shift, properties in Charlottesville and Albemarle and surrounding areas would sell for prices wildly over their assessed values. Now properties are being marketed (with and without Realtors) as being priced "well below the assessed value!" With…
Buy now in the Charlottesville market or wait?
Question from a reader: My sense of the housing market is that we have seen the biggest run-up in prices from the late 1990s to the present in the past 100 years (e.g. this NYTimes graphic). The market has started to soften, but like prior…
For a bit of hyperbole …
Read this article from the Daily Progress concerning the current debate on the Albemarle County Budget: Board of Supervisors Chairman Kenneth C. Boyd said that while “no one wants to reduce anyone’s spending,” he does not want to overburden local property owners. County property assessments…
Required property tax rate reduction?
Who knew? From the Albemarle County Republican Committee* newsletter: Albemarle Tax Rate Lowered from $0.74 to $0.58 Do you own property in Albemarle County? Did your assessment go up? If so, read on ... you may be surprised at what you learn ... It's a…
Assessment roundup
Assessments are up, up, up. Governments are rolling in the our cash. Albemarle (and here) City of Charlottesville (Press Release) (cvillenews) Fluvanna - Daniel's commendable efforts, More at the Fluvanna Review The Daily Progress' FAQ I agree with the assessment of the idea to tax…