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County assessor warns single-family values rising; early estimate shows about 20% average increase
Summary
County Assessor Dan Thomas presented preliminary reassessment data showing the average sale-price-to-assessment ratio climbing roughly 27.8% over 30 months, and early indications that single-family assessments may increase about 20% overall; the county plans to mail assessment notices in December and accept informal appeals through Jan. 31, 2026.
Gloucester County’s assessor told the Board of Supervisors that early market analysis for the 2026 reassessment shows strong residential price gains and a likely average assessment increase of about 20% for single-family properties.
Dan Thomas, county assessor, explained that Virginia law requires assessments to reflect market value as of a valuation date; for the 2026 reassessment that date is Jan. 1, 2026. He presented transaction data since the last reassessment and said the average ratio of sale price to current assessment climbed…
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