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Goochland assessor reports 8% reassessment increase; new construction totals $294 million
Summary
County Assessor Mary Anne Davis told the board the 2026 reassessment shows an overall 8% increase in taxable values driven by new construction and higher construction costs; assessment notices mailed mid‑month with appeals open through Feb. 17.
County Assessor Mary Anne Davis presented Goochland’s 2026 real estate assessment report, telling the board assessments reflect market value as of Jan. 1 and that assessment notices were mailed mid‑month with an informal appeal window through Feb. 17.
Davis reported a countywide reassessment showing an 8% total value change. Total taxable value (excluding land‑use and new construction) is about $10.3 billion; new construction identified this year totaled $294 million (about 77% residential, 23% commercial). She also said the Tuckahoe Creek Service District market values rose and that deferred land‑use values equate to about $4.7 million in deferred tax revenue.
Supervisors asked technical questions about the assessment sales ratio and the coefficient of dispersion; the assessor said the county’s residential ASR is 0.977 with a residential coefficient of dispersion of 5.33, both within accepted ranges under IAAO standards. Board members also asked follow‑up questions about land‑use valuations and the county agreed to provide additional numeric detail on request.
