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Hampton assessor: FY 2026 reassessment shows 5.7% taxable-value increase; 43,152 change-of-assessment notices mailed
Summary
HamptonCity Assessorpresented a FY 2026 reassessment recap showing a 5.7% overall taxable value increase, about $891.2 million in taxable value after exemptions, and 43,152 change-of-assessment notices mailed; appeal and review deadlines were announced.
City Assessor Libby (City Assessor) told the Hampton City Council at its Feb. 12 work session that the citycompleted its FY 2026 reassessment and mailed 43,152 change-of-assessment notices.
The assessor said overall taxable value increased about 5.7% for FY 2026 and that the citytaxable total after exemptions is approximately $891,154,167. She said residential parcels make up about 56% of assessed value and exempt property accounts for roughly 21% of the grand total.
The reassessment presentation noted 4,160 recorded property transfers during the year (down from 4,257 in 2023), a sizable jump in median sale prices compared with the prior year, and that 917 parcels received assessed increases greater than 25%.
"If you do not feel that that value is…
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