City Real Estate Assessment Rates Up

By: Venton Blandin Email
By: Venton Blandin Email

January 31, 2007

The City of Charlottesville has released its assessments on real estate for 2007.

Taxable real property values in Charlottesville increased by 14.3%. New construction, or improvements to property accounted for 1% of that increase. Officials said inflation, or appreciation on property accounted for the remainder of the increase.

The city said the rates prove the city is a desirable place to live and work.

Assessment notices are being mailed out to all property owners in Charlottesville this week.


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