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Board upholds assessors correction raising stormwater pond parcel to $3,900
Summary
The Board of Equalization affirmed a correction that revalued a retention-pond parcel from $100 to $3,900 to equalize it with similar residual parcels used to serve a nearby shopping center.
The Albemarle County Board of Equalization on June 16 affirmed the county assessors corrected 2025 assessment for a 3.942-acre stormwater retention parcel, raising its assessed value from $100 to $3,900.
An owner questioned the scale of the increase, saying the change represented approximately a 3,800% jump and asking whether such an increase was legal. A county assessor replied that there is no statutory limit on the…
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