Charlottesville’s assessors have found that the value of property has increased in town, Henry Graff reports for NBC 29, and that will be reflected in real estate tax bills. On average, the increase is 2-3%, but some folks will see much higher jumps. Some Fifeville homes are up 18%, the gentrified 10th and Page is up 9%, and Belmont is up 8%. If you’re in Greenbrier, you’re in luck, tax-wise—that’s dropping 10%, on average.
Remember that assessments are based on the actual sale property of houses in a given neighborhood, with houses that haven’t sold recently being estimated based on comparable homes in the area. If you think your assessment is wrong, remember that you can appeal it. (But be honest with yourself. How much would you want for your house to sell it right now?) Next up: the debate over where to set the tax rate.