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Board reduces land value for 204‑acre estate after debate on floodplain, slope and access

Board of Equalization of Albemarle County · April 30, 2026
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Summary

After testimony from a retained appraiser and lengthy discussion about floodplain, critical slope and access, the board increased the environmental discount on a 204‑acre parcel and reduced its assessed land value, while affirming two small access parcels.

The Board of Equalization adjusted the assessed land value of a roughly 204‑acre estate after hearing a multi‑hour appeal from the property owners and a retained appraiser. The hearing centered on whether floodplain, critical slope and access constraints materially limit development potential and therefore the parcel’s taxable market value.

Woody Finchem, a local appraiser retained by the owners, testified that much of the parcel is encumbered by water protection and critical slope, that development rights may effectively be extinguished, and that treating the property as a typical county…

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