Mulling Over Recent Tax Assessements in Virginia Beach ~ Hampton Roads Real Estate Ramblings

Mulling Over Recent Tax Assessements in Virginia Beach

Thursday, March 11, 2010

Hello Hampton Roads,

Virginia Beach tax assessments just arrived for 2010!

Like every other home owner in Virginia Beach, we received our annual tax assessment and not suprisingly found that the tax assessed value had decreased from last year. Given the economic environment, this lead me to ponder about the rest of the city and the numbers are interesting: 88% of all properties decreased in value, 8% stayed the same in assessed value and 4% actually increased in tax assessed value.

Looking at the average appreciation/depreciation figures for residential apartment and commercial/industrial properties we find the following:






All the residential neighborhoods in Virginia Beach are divided into 5 districts, Bayside, Beach, Centerville, Kempsville, Lynnhaven, Princess Anne and Rose Hall. Looking at these districts individually we can see which neigborhoods had the highest and lowest assessed values


Bayside

Broadmeadows Condos has a median assessed value of $99,500.00
Bayside has a median assessed value of $831,400.00


Beach

Tapo Mobile Homes has a median assessed value of $28,500.00
Croatan Beach/Atlantic Ave. has a median assessed value of $1,839.900.00


Centerville

Level Green Townhouses at Pinewood Village has a median assessed value of $126,300.00
Emerald Forest has a median assessed value of $771,200.00


Kempsville

Queen City has a median assessed value of $71,150.00
Rivercrest Landing has a median assessed value of $715,000.00


Lynnhaven

Page Ave-Shore Dr Pages Shores has a median assessed value of $91,300.00
Residences at the Westin has a median assessed value of $1,706,200.00


Princess Anne

Salem Court condos has a median assessed value of $128,300.00
Ashville Park/Whilshire VLG PH1 has a median assessed value of $761,150.00


Rose Hall

Princess Anne Plaza TH/SEC 1 has a median assessed value of $95,150.00
Brigand's Quay has a median assessed value of $323,200.00



Interested in finding out how your neighborhood fared? Drop me a line!



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