Forty-three short blurbs about Charlottesville property transactions in March 2025
Another look at the ever-changing real estate market in the city
I am very behind on these summaries of property transactions in Charlottesville. I’m hoping to get caught up in the next few weeks. This is one of the only items that paid subscribers get as a content perk and it is a pastime I enjoy doing.
There are no real frills in this work. This is the work of a journalist who writes about a community doing the work to try to understand the dynamics. The anecdotal is very interesting to me and perhaps it will be to you.
A word about the process. It is manual. There’s no job-stealing algorithm involved. Just a person going through multiple sources of information to compile something that seeks to describe the shifting nature of this community. It’s the sort of old-fashioned journalism that will go extinct soon enough. Enjoy it while it lasts!
For most entries I post the 2025 assessment and the 2020 assessment. The City of Charlottesville has much more revenue at its disposal as a result, allowing for more spending and more borrowing.
In 2020, the total taxable value of land and improvements was $8,187,130,200 yielding $77,777,727.85 in real estate tax. These numbers are in the 2020 Land Book.
By 2025, the total taxable value increased by around three and a half billion dollars and the total tax increased by $36.8 million. In 2023, Council unanimously increased the property tax rate to $0.96 per $100 of assessed value and increased it again to $0.98 per $100. The full numbers are on the last page of the 2025 Land Book.
What will happen in 2026? It’ll be here in a moment.
For now, let’s go back to March. Thanks to paid subscribers for this. The practice is for this to be posted on Information Charlottesville but I may stop doing that soon.