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Roanoke projects 8.23% overall real estate reassessment for FY25–26; appeal deadline Feb. 5
Summary
City staff told council the FY25–26 general reassessment projects an 8.23% increase in overall assessed value (residential +10.92%, multifamily +8.7%, commercial +3.2%) and reminded owners that the appeal window closes Feb. 5; staff outlined vetting of sales and inspection cycles.
City staff told the Roanoke City Council on Tuesday that the fiscal-year 2025–26 general reassessment will increase overall assessed real estate values by 8.23 percent, with residential properties rising faster than commercial values.
Kelvin C. Bratton, director of real estate valuation, presented the update and said the office vetted 2,365 sales for the reassessment and projects an overall 8.23% increase for FY25–26. "Our projected change in assessment for fiscal 25–26 is 8.23%," Bratton said. He provided a sector breakdown: residential assessed values up about 10.92 percent; multifamily…
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