Overall the the increase in assessments this year for Virginia Beach are 2.6%. That includes residential, commercial and industrial land. Residential assessments are up 1.3% total. The assessment is the smallest increase in a decade. That increase will mean an average tax increase of $37. Some 17% of the city will see a slight decrease and 40% will see an increase.
Broken down by districts:
Lynnhaven will increase by .2%
Princess Anne will rise .6%
Centerville, Kempsville and Rose Hall will see an increase of 4%
The Beach district will rise the highest at 5.6%
The city will cope with the decrease in tax revenues by increasing fees and putting new ones in place.
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