Wednesday, March 5, 2008

Falls Church Real Estate Assessments up 1% overall. Decline in existing Residential Assessments Offset by New Construction..

Press Release from City of Falls Church, March 5, 2008:
FALLS CHURCH CITY, VA. – The total assessed value of real estate as of Jan. 1, 2008 increased slightly less than 1 percent over 2007. Assessments declined on most existing single family dwellings, townhouses, and condominiums. The value of commercial and new residential construction (primarily condominiums) offset the decline to yield an overall increase in real estate values by 0.8 percent. The City plans to mail assessments for 2008 to property owners by Monday, March 10.

Click here for the full article: http://fallschurchva.gov/government/officeOfCommunications/documents/RealEstateAssessmentsRelease030508.pdf

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