April 8, 2020
Annual Reassessment of Real Estate Completed
Again this year, most homeowners to see no change or slight increase in assessment
The City’s Real Estate Assessor’s Office has completed its annual reassessment for next fiscal year (FY 2021), and notices have been mailed to property owners whose assessments are changing. The majority of homeowners (81%) will see either no change or a slight increase in their assessments. Twenty-one percent of residential property owners will see no change in their assessments and another 60% will see an increase of less than 5%.
The overall increase in taxable property value due to this year’s reassessment is 3.88% compared to an increase of 2.70% a year ago and 2.46% the year before. When reassessments increase the real property tax levy by more than 1%, State Code requires localities to publish a notice of proposed tax increase in the local paper, and a public hearing is scheduled for the April 28 City Council meeting on what is called the Effective Tax Rate. This is not an actual tax rate increase; it is an increase in the total amount of tax revenue the city will collect based solely on the overall increase in assessments.
The real estate tax is levied on all taxable properties in the city and generates a large part of the total city revenue. These tax funds are used to provide most of the services the citizens of the City of Newport News enjoy, such as police and fire protection, elementary and secondary education, recreation, public works, transportation, health, social services and libraries. Each parcel of real estate in the city is assessed annually and the new assessment goes into effect July 1.
The Real Estate Assessor’s Office has set aside the week of April 27 for hearings with property owners who have questions about their reassessment. Due to the COVID public health emergency and the Governor’s Stay at Home order, homeowners can contact the Real Estate Assessor’s Office at 757-926-1926 to discuss the assessment and make arrangements to obtain records electronically or by mail.
Respond to the 2020 Census Today
Let’s make today a 2020 Census Day of Action in Newport News! The online survey is available at www.my2020census.gov or you can call 844-330-2020. It only takes about 10 minutes to complete.
Our city’s self-response rate (people taking the 2020 Census without having a representative from the U.S. Census Bureau come remind them) is 47.3%. While we are exceeding the national self-response rate of 45.1%, we can do better and we NEED to do better.
The 2020 Census will shape many different aspects of our community for the next 10 years. This includes health clinics, fire departments, schools, roads and highways and so much more. We need every resident to respond!
And remember, your responses are confidential. The U.S. Census Bureau is bound by law to protect your answers and the law ensures that your answers cannot be used against you by any government agency or court.
Let’s make today a big day in Newport News – respond to the 2020 Census! Hop online at www.my2020census.gov or call 844-330-2020. Remember to count everyone who is living at your as of April 1, 2020. This includes anyone, related or unrelated to you, who lives and sleeps at your home most of the time.