Connect with us
[adrotate banner="51"]


Council Person Kristen Nye Releases Statement on Increase in Property Assessments and Proposed 4% Reduction

Don’t celebrate yet. If approved the tax reduction wouldn’t be in effect until January 2023.



From Council Person Kristen Nye Email.

Proposed tax reduction

Thank you to everyone who reached out regarding their assessments. Overall the city is looking at an average 13 percent increase in assessments this year. We have seen several years of increases in assessments, resulting in higher real estate tax bills. After looking at the trends and considering the number of years since the city has reduced its real estate tax, I’m working with Councilperson Trammel to propose a 4 cent real estate reduction.

This legislation will be introduced into our public docket tonight and then will be considered at several public meetings. Once I have those details, I will circulate them to you. If you have an opinion on the reduction of real estate taxes, please reach out with your feedback and/or plan to attend one of our public hearing to express your point of view. If approved, this tax reduction would be in effect starting January 1, 2023.

Regardless of the tax rate, we continue to offer tax relief for seniors and persons with disabilities. Please see City of Richmond’s Tax Assistance page for more information.

Axios Richmond’s Karri Peifer has an excellent look at where the increases rose the most and the process that was used. It includes an interactive map and everybody loves an interactive map.

Will you help support independent, local journalism?

We need your help. RVAHub is a small, independent publication, and we depend on our readers to help us provide a vital community service. If you enjoy our content, would you consider a donation as small as $5? We would be immensely grateful! Interested in advertising your business, organization, or event? Get the details here.

Richard Hayes is the co-founder of RVAHub. When he isn't rounding up neighborhood news, he's likely watching soccer or chasing down the latest and greatest board game.

Continue Reading