» Albemarle County Tax Assesments

CAAR Blog » Albemarle Assesments The average annual increase over the last 25 years has been just under 7%. The average over the past 6 years has been 12.6%. The smallest 2-year increase in the last 25 years (note:2008 is the first 1-year assessment) was 2.26 in 1997 and the largest was in 2007 at 29.8%. There has not been an overall price decrease in the past 25 years. Although it is not fair to say that the actual value of your home has increased 7% each year for the past 25 years, the assessments do provide further evidence that owning a home is a great investment.

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