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Alexandria 2025 property assessments: tax base up 2.57% as residential values lead gains
Summary
City staff reported a 2.57% increase in the taxable assessment base for 2025, driven by residential appreciation (residential market +4.55%); commercial values, particularly multifamily rental properties, fell and will affect the commercial tax base. Deadlines for review and appeals were outlined.
The Alexandria Office of Real Estate Assessments told City Council on Feb. 18 that the city—925 taxable assessments rose 2.57% from 2024, driven largely by residential market appreciation. "Not to bury the lead, which is that the total taxable assessments increased the tax base by 2.57%," Anwin Milnes, appraiser supervisor, said during the presentation.
The increase was concentrated in the residential tax base, which the presenter said contributed an estimated $1.4 billion in added value and rose roughly 4.55% year over year. Milnes said the residential sector accounted for the largest share of the city—9s tax base (about $31 billion of a roughly $49 billion total, per slides shown to council) and…
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