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City assessor outlines FY26 reassessment, reminds residents how to appeal
Summary
Hampton City Assessor Libby Bridal presented the FY26 reassessment methodology and results, noting residential values rose notably and explaining the appeal process and key deadlines. Manager and council were reminded that tax rates will be set later in the budget process.
Hampton City Assessor Libby Bridal told the City Council that the FY26 reassessment relies on arm’s-length sales and multiple-listing data to approximate market value, and that an increase in assessed values does not automatically mean taxes will rise because the council sets the tax rate later in the budget cycle. "If you did not receive a postcard, that means your value is the same as it was last year," Bridal said, explaining how change notices were distributed.
Bridal described citywide patterns in the update: residential assessments accounted for the largest share of assessed value and the assessor’s office measured parcel-level changes across city quadrants. She identified appeal and review dates for residents: an office-review deadline (March 10) and board-of-review appeal filings due April 10, with hearings no later than June 30, 2025. Manager Mary Bunting and council members pressed for further breakdowns of exemptions (veteran, elderly, deferred taxes), and staff said the Commissioner of the Revenue will present more detailed category-level figures at a March briefing.
