Albemarle County property assessment values decline on average

Reassessments will be mailed this week to county and city residents. In Albemarle, overall assessed values declined 1.24 percent, excluding new construction.

A slightly smaller decline, .98 percent, was reported in commercial property values and multifamily properties. On average, the value of residential properties declined 1.72 percent—meaning that a house assessed at $200,000 in 2010 dropped to $196,560 if it followed the average trend. To check assessments on individual properties, click here.

Changes to assessments show the Rio District with a 1.1 percent decline, Jack Jouett with a .75 percent decline, Rivanna with the smallest decline at .08 percent, Samuel Miller with a 1.53 percent decline, Scottsville with a 3.4 percent decline, While Hall with a .86 percent decline, and the Town of Scottsville with a 1.53 percent decline.
 

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