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Board of Equalization lowers McDermott home assessment to $963,400
Summary
The Albemarle County Board of Equalization voted unanimously on May 1, 2025, to reduce the assessed value of Michael and Katina McDermott’s home to $963,400 after the assessor’s office adjusted the appraisal and the board resolved a disputed listing-item (a hot tub) on the property record.
Albemarle County’s Board of Equalization on May 1, 2025, voted unanimously to reduce the assessed value of Michael and Katina McDermott’s home to $963,400, after the assessor’s office corrected property-data items and the board considered evidence about recent renovations and neighborhood sales.
The decision matters because it changes the McDermotts’ 2025 assessment, which affects the tax bill that will be based on Albemarle County’s January 1 valuation. The board said the assessor’s final, adjusted figure best reflected fair market value after the county removed a $3,500…
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