Chesterfield County reassessment adds roughly $4.2 billion to land book; notices to hit mailboxes this week

Mel Bloomfield, director of real estate assessments for Chesterfield County, told the Board that the county’s 2026 reassessment produced an approximately $4.2 billion increase in the land book and moved the county closer to statutory valuation targets.

“State statute 58.13201 basically states that all property shall be assessed at 100% of the fair market value,” Bloomfield said during the board’s finance briefing. He said the office set a start sales-assessment ratio of about 0.95 this year so the revaluation aligns statistically with that legal standard.

Bloomfield gave a headline figure for the county’s overall land book and the composition of recent growth. He reported a total assessed land book near $69.5 billion, with residential and agricultural properties comprising the largest share of the book and accounting for roughly 72% of the year-over-year revaluation gains. He said about 25% of the year’s increase came from new construction (about $1.5 billion) and roughly 75% from revaluation of existing properties (roughly $3.1 billion).

Staff emphasized that commercial valuation is playing a larger role than in prior years. Bloomfield highlighted two major commercial pickups captured in the reval: a Carissa data center that added about $40.1 million in assessed value and an Allego project that contributed about $210 million in phase‑1 value. Board members also asked about recent large land purchases by Google; Bloomfield said staff combined and split about 15 transactions related to those parcels and adjusted values to maintain equity across similar land parcels.

Bloomfield said median residential increases this year were roughly 4.65% and that distribution metrics show most residential sales fell within a modest range around that median. He also cited a coefficient-of-dispersion/median-assessment figure indicating statistical consistency compared with industry benchmarks.

Bloomfield said the office delivered the final printed assessment notices to the U.S. Postal Service for mailing and that the county’s reassessment webpages will go live tomorrow. “Starting on February 1, they can begin to call our office if they have any issues, questions, if they want some clarification, they want to speak to an appraiser,” he said, adding that staff will be available for approximately 45 days to respond to questions and walk residents through the appeals process.

The presentation included an internal-audit summary that, according to Bloomfield, found the office generally follows professional practices; the audit recommended pursuing an industry certification and continued updates to procedures and inspection cycles. Board members were directed to a forthcoming audit-and-finance discussion scheduled in February where the full audit paper will be available to the public.

Next steps: the county will publish the reassessment data online, complete mailing of notices (weather permitting), and open the 45-day window for resident inquiries and appeals beginning Feb. 1. The audit and finance committee will review the full internal-audit report at its next meeting.