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Real Estate

Assessments mostly flat, Church Hill and Union Hill see increases

The 2015 real estate reassessments are in the mail and online.

A random spot check around the neighborhoods shows:

  • an increase in the range of $5,000-10,000 for much of Church Hill and most of Union Hill (with values flat or declining along Venable Street);
  • Fairmount values held steady, with some decline along along Fairmount Avenue;
  • Peter Paul, Woodville, Chimborazo, and Oakwood assessments are flat compared to last year;
  • Church Hill North, Fulton, Montrose, and Eastview generally held steady, with some minor fluctuation each way;
  • values in Brauers generally held steady, with more fluctuation up and down than any of the other neighborhoods.

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Dave
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Dave

Mine went up 14%…

Emily Klinedinst
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Emily Klinedinst liked this on Facebook.

Julie Oliver
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Julie Oliver liked this on Facebook.

Jujubee
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Jujubee

Both mine and my neighbors went up around 11%. Anyone had any luck contesting?

mjn
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mjn

Yes. We did it last year and were successful. It was not easy finding good figures because lots of the sales transactions do not count, eg foreclosures and other transfers. They don’t make it easy to find the areas around yours. There was a spreadsheet on the City website with lists of transfers by area, but often there were none in the area we were looking in and then you had to find comparisons in adjoining areas. If you can’t find the transfer figures, then it is also ok because no data also tells a story in itself, and the… Read more »

Jujubee
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Jujubee

If you are using comparable data, does the lot size have to match or can we just do the house on a square foot per valued dollar basis?

ann
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ann

David Hicks, at a Union Hill meeting some time ago touting the mayor’s Shockoe Bottom plans, happily told a standing-room-only crowd at Union Market that when the project was finished homeowners in the east end would all benefit by an increase in property values…so it may be that you ain’t seen nothin’ yet.

mjn
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mjn

It’s on the form the info they need. There really was so little info available that it was hard to do even comparisons, but the land and the house are assessed separately so that plays into it too. I think on one the land value was lowered but the house value stayed the same.

gmoomaw
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Richmond property assessments up nearly 2 percent http://t.co/9OuIwgPYux Here’s a heatmap http://t.co/5D0LvKtm4n

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