City, County Assessments Released

A lot of us county residents headed to Albemarle’s GIS website on Sunday after Jim Duncan pointed that out assessments were available. (Mine didn’t change.) As Brandon Shulleeta points out in today’s Daily Progress, county property values are down only slightly this year, by 1.24%. The city released their assessments, too, and they saw a 0.63% increase. Both rates were buoyed slightly by commercial assessments, since residential assessments were somewhat lower. These changes are nothing like the enormous increases that we saw just a few years ago, during the real estate bubble, nor are they like the big drops we saw when it burst. Assuming that real estate tax rates don’t change much—not necessarily a fair assumption—then both localities are basically looking at flat funding, and we’re all looking at paying the same amount in real estate taxes that we paid last year.

13 Responses to “City, County Assessments Released”


  • Just got my city assessment and did some back of the envelope math: 6% lower than last year overall. What’s really interesting is that the “land” portion increased by 41% while the “building” portion decreased by 20%.

    Did some poking around online at the city’s website and have discovered that a neighbor who bought their house last May has an assessment 22% higher than the price they paid for it.

    Gotta love the voodoo economics of balance sheet guesses of value. Doesn’t this tie in to the Minor, Biscuit Run, and Kluge debacles? Banks, governments, businesses, & individuals all buying in — literally — to completely imaginary figures.

  • Did some poking around online at the city’s website and have discovered that a neighbor who bought their house last May has an assessment 22% higher than the price they paid for it.

    My house has an assessment that’s something like 1/3 less than it cost me to build it last year. (The bank’s appraisal is basically the same, incidentally.) I don’t mind—I don’t intend to ever sell the place, so whatever—but it sure is strange.

  • I bought and sold in the city in December 2010.
    Bought House A for $14,500 under assessment = no change in assessment.
    Sold House B for $76,500 above assessment = $70,000 increase in assessment.
    Looks like the city trying to have it both ways.

  • Down 6% at my place in Belmont this year, after remaining unchanged last year. Felt kinda weird, but since I have no plans on going anywhere anytime soon, I guess its irrelevant.

  • Mine is unchanged this year, but the assessment is $25K over what most units in my development are selling for.

  • Our assessment went up 15% last year. It’s down 25% this year. We bought our house in 2006 after it had sat on the market for a year and they assessed it 25% higher than we had paid. We contested, they knocked it down but then raised it 25% the next year.

    I don’t mind paying taxes on fair market value, but I feel like they just pull numbers out of thin air on these things. It’s hard to do comparisons when nothing much comparable is selling around you.

    My gut tells me my house is assessed about 10% higher than I could get for it. At some level I don’t care because I don’t intend to sell it, but at another level it bothers me a bit.

  • …but I feel like they just pull numbers out of thin air on these things.

    Jeeze, you think? Im pretty sure they have an army of assessors, all highly skilled, probing the crannies of this lil berg year round with the mandate to come up with the most accurate assessments ever.

    Bureaucracy is a beautiful thing, no? Even in a self serious playmobile town like this, there are so many places to hide such awkward mechanisms and procedures, such as sphincter generated assessments.

    I wouldn’t lose sleep over it. Twas ever thus.

  • Out of thin air? Jeeze, you think? No, Im pretty sure they have an army of assessors, all highly skilled, probing the crannies of this lil berg year round with the mandate to come up with the most accurate assessments ever.

    Bureaucracy is a beautiful thing, no? Even in a self serious playmobile town like this, there are so many places to hide such awkward mechanisms and procedures, such as sphincter generated assessments.

    I wouldn’t lose sleep over it. Twas ever thus.

  • Out of thin air? Jeeze, you think? No, Im pretty sure they have an army of assessors, all highly skilled, probing the crannies of this lil berg year round with the mandate to come up with the most accurate assessments ever.

    Bureaucracy is a beautiful thing, no? Even in a self serious playmobile town like this, there are so many places to hide such awkward mechanisms and procedures, such as sphincter generated assessments.

    I wouldn’t lose sleep over it. Twas ever thus.

  • Is there an echo in here?

  • echo in here?

  • Maybe Adam Saroka would like to weigh in on the veracity and honesty of assesments.

  • Maybe Adam Saroka would like to weigh in on the veracity and honesty of current assesments.

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