Real estate assessments show more decline than last year

01/20/2010 4:03 PM by

The 2010 real estate assessments are now available online. A spot check around the neighborhood shows more depreciation than last year, with some properties remaining flat or with very small appreciation.

The Fairmount area and north seem to show a consistent 3 or 4 drop in assessed value. A number of higher valued properties on East Broad show reduced valuations as well.

An earlier story in the Times Dispatch quotes city assessor James Hester as saying that “he expects about half of the city’s roughly 73,000 properties will not see any change in assessed value […] while the northeastern areas of Richmond likely will see the biggest declines.” What’s it like on your block?

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