Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Assessor reports 3.76% citywide reassessment; homeowners' appeals begin April 14
Summary
City Assessor John Fountain and appraisal supervisors Mark Beasley and Mike Edwards summarized the FY 2026 reassessment: a proposed 3.76% overall increase in total assessed value, a residential median rising to $272,300, and informal hearings scheduled April 14'18 for property owners seeking review.
John Fountain, City Assessor for Newport News, presented an overview of the FY 2026 property reassessment to the council on April 8 and outlined appeal timelines and market methods.
Fountain said reassessment is required by the Code of Virginia and the proposed overall change in taxable value is an increase of 3.76% across the city. "The total FY 20 26 proposed reassessment represents an overall increase of 3.76%," he said. He explained the appraisal staff used the cost, sales-comparison and income…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
