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Posted on: January 31, 2024

City of Charlottesville Assessor's Office Releases 2024 Reassessment

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FOR IMMEDIATE RELEASE
January 31, 2024


City of Charlottesville Assessor's Office Releases 2024 Reassessment

CHARLOTTESVILLE, VA – The City Assessor's Office has completed the 2024 reassessment. Of the 15,114 taxable properties, residential parcels increased by an average of 5.61%. Commercial properties (including apartments, retail, office, industrial, vacant land) increased by an average of 3.11 %. When residential, commercial, and new construction are averaged together, taxable properties in the City increased by 5.0% in 2024.

Additional details of this year's figures include:

  • Residential properties
    •  Assessments for existing residential property increased in value by 5.61 %
  • 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 3.11 %
    • 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 4.58%
  • New construction value included for 2024 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 5.01%

General FAQs about the City Assessor's Office and assessment process can be found under the "City Assessor" homepage link at www.charlottesville.gov/. Please call the City Assessor's Office at        434-970-3136, Monday-Friday, 8 AM to 5 PM to discuss your assessment.

Media Contact:
Jeffrey Davis
City Assessor
City of Charlottesville
davisjs@charlottesville.gov
434-970-3138

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