Goochland assessor reports 8% reassessment increase; appeals open through Feb. 17

Goochland County’s 2026 real estate reassessment increased the countywide taxable value by about 8%, Assessor Mary Ann Davis told the Board of Supervisors. Notices were mailed Jan. 15 and residents have until Feb. 17 to pursue informal review or file appeals with the board of equalization.

Davis said the assessment process uses sales review, field inspection, and statistical testing, and reported a residential assessment sales ratio (ASR) of 0.977 and a commercial ASR of 1.01 — both within the Uniform Standards referenced by the International Association of Assessing Officers. She also reported coefficient of dispersion (COD) figures within acceptable ranges (residential COD about 5.33; commercial COD about 9.95), which indicate uniformity in assessments.

The assessor reported total taxable value (excluding land‑use and new construction) of roughly $10.3 billion. New construction accounted for about $294 million of the change; that new construction is roughly 77% residential and 23% commercial. The Tuckahoe Creek Service District market values were cited at about $3.2 billion with a year‑over‑year growth reported at about 13.95%.

Davis explained the appeals process: property owners should contact the assessor’s office for informal review between Jan. 15 and Feb. 17; if unresolved they may file a formal appeal to the board of equalization within 30 days of the results letter and, subsequently, may seek relief in circuit court.

Board members asked clarifying questions about methodology, land‑use decline versus value increases, and the county’s revenue forecast. Davis said the reassessment increase is driven primarily by construction costs and limited inventory of improved properties for sale.