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* City News Alerts *

Posted on: January 27, 2023

City Assessor's Office Completes 2023 Reassessment

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FOR IMMEDIATE RELEASE
January 27, 2023


City Assessor's Office Completes 2023 Reassessment


CHARLOTTESVILLE, VA – Of the 15,148 taxable properties, residential parcels increased by an average of 11.52%. Commercial properties (including apartments, retail, office, industrial, and vacant land) increased by an average of 12.16%. When residential, commercial, and new construction are averaged together, taxable properties in the City increased by 12.33% in 2023.


Additional details of this year's figures include:


Residential Properties

• Assessments for existing residential property increased in value by 11.52%
• 97.97% of residential assessments increased in value, 1.12% decreased, and 0.90% did not change

Commercial Properties

• Assessments for existing commercial property increased in value by 12.16%
• 83.62% of commercial assessments increased in value, 3.22% decreased, and 13.16% did not change

Combined existing residential and commercial property increased in value by 11.78%.  New construction value included for 2023 is 0.56%.  When new construction and reclassifications are added to the value of the existing property, the total value of property in the City increased by 12.33%.

General FAQ's about the City Assessor's Office and assessment process can be found at: www.charlottesville.gov/assessor

The City Assessor's Office can be contacted via telephone at 434-970-3136, Monday-Friday, 8 a.m. to 5 p.m.


Media Contact
Jeffrey Davis
Charlottesville City Assessor
434-970-3136
davisjs@charlottesville.gov

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