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City Property Value Up 3.4%

City Property Value Up 3.4%

Photo: WINA

The value of property in the city of Charlottesville is up 3.4% this year compared to 2013. Notices of the latest assessment of property¬†are being mailed to city residents. They show the value of residential property is up 2.5%, the first increase in five years. ¬†Commercial property value is up 1.2%. Any city property owner who has not received a notice by February 6th should contact the assessor’s office.¬†Commissioner of Revenue Todd Divers says there are programs to assist residents who need help paying their property taxes.

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