Homeowners all over Albemarle are getting a welcome notice in the mail today, informing them that their assessments won’t be undergoing their normal annual ginormous increase. Residential assessments are increasing by just a fraction of a percent, Jeremy Borden writes in the Daily Progress, with the Samuel Miller district faring the best, with an average 1.18% drop.
Not coincidentally, Borden and Barney Breen-Portno also write that the county’s budget is a bad situation, what with the crappy housing market that’s caused the level assessments. The county was planning on a 2.4% increase in housing starts. Now it’s looking more like 1.6%, and it looks like belt-tightening time. (Or we’ll be buying a new, smaller, sleeker belt.)