REAL ESTATE ASSESSOR’S Fiscal Year 2020/2021...2020 and projected FY 2021 assessments. Also shown...

REAL ESTATE ASSESSOR’S

Fiscal Year 2020/2021

February 13, 2020 The Honorable Robert M. Dyer and Members of City Council Dear Mayor and Council Members: On Friday, February 28, 2020 the Real Estate Assessor’s Office will mail 155,729 assessment notices for all taxable properties included in the fiscal year (FY) 2021 reassessment to all property owners. The attached Annual Report details actual and projected data for the FY 2021 reassessment, as well as the following Executive Summary that shows pertinent data compared to last year’s projections included in the FY 2020 Annual Report. The projected FY 2021 assessment of $61,309,542,100 represents a 3.3% increase from the current year assessment, generating approximately $623,824,591 total revenue from real estate taxes. Each penny of the $1.0175/$100 tax rate will generate $6,131,000 in revenue. The following charts, graphs and tabular data outline detailed comparisons between FY 2020 and projected FY 2021 assessments. Also shown is the value allocation between residential and commercial property classes, new construction and land value growth, appreciation, tax exemptions, SSD/TIF data, land use and other processes administered by this office such as parcel inventory maintenance. I shall, of course, be available to answer any inquiries or provide further information on the assessment. Sincerely,

Ronald D. Agnor City Real Estate Assessor RDA/lfp

REAL ESTATE ASSESSOR (757)-385-4601 FAX (757) 385-5727 TTY: 711

MUNICIPAL CENTER BUILDING NUMBER 18

2424 COURTHOUSE DRIVE VIRGINIA BEACH, VA 23456-9054

EXECUTIVE SUMMARY 2020 & 2021 Real Estate Assessor’s Annual Reports

Comparison of Pertinent Data PARCEL INVENTORY COUNTS (January 1, 2020) Jan. 2019 Jan. 2020 Total Count of Taxable Parcels 158,057 158,586 Total Count of Exempt Parcels 3,768 3,757 Total Parcel Count 161,825 162,343

Ownership Transfers & Plats Processed 15,004 15,366 PROJECTIONS for FY 2021 COMPARED to FY 2020 2020 2021 Projected Increase of Taxable Assessment 3.2% 3.3% Total Projected Taxable Assessment – Land Book (Billions) $59.1 $61.2 Total Projected Taxes Generated (Millions) $592.8 $623.8 $0.01 of the Tax Rate Generates (Millions) $5.91 $6.13 Total Percent Properties Increased 80% 77% Total Percent Properties Decreased 11% 14% Total Percent Properties Unchanged 9% 9% Average Change for all Properties 3.1% 2.53% Average Change for Residential Properties 2.99% 2.44% Average Change for all Commercial Properties 6.37% 3.25% Average Change for Apartment Properties 4.95% 12.22% Commercial/Industrial Percent Tax Base 16.8% 16.7% Residential/Apartment/Agricultural Percent Tax Base 83.2% 83.3% Average Residential Assessment (All Types) $307,200 $315,200 NEW CONSTRUCTION (2019) 2018 2019 New Construction Calendar Year (Millions) $454.3 $471.2 New Construction Change from Previous Year -1.04% 3.7% Median Assessment of a New Home $411,500 $420,600 Mean Assessment of a New Home $572,100 $560,000 Residential New Construction Allocation 83.7% 65.3% Commercial/Industrial New Construction Allocation 16.3% 34.7% Change in Land Value (Millions) $69.2 $71.2

[1]

FY 2021 ASSESSMENTS AS OF JANUARY 2020

District Total Assessment Change*

Centerville $5,799,798,600 3.9%

Kempsville 7,192,609,100 3.3%

Rose Hall 6,032,469,100 3.1%

Bayside 8,280,555,500 3.9%

Lynnhaven 13,599,628,000 3.2%

Beach 9,731,798,200 4.8%

Princess Anne 10,407,683,600 2.9%

Total $61,044,542,100 3.5%

*Change includes growth and appreciation.

**Assessments and % change is 12 month period, January 2019 – January 2020.

***Assessments reflect taxable land use values as opposed to fair market values on qualifying farms.

[2]

PERCENTAGE CHANGE IN JULY 1 LAND BOOK

Fiscal Year

Assessment

Change

Percent of Change

(Projected)

2021 $61,244,542,100 $1,957,332,000 3.3%

2020 $59,287,210,100 $2,050,314,500 3.6%

2019 $57,236,895,600 $1,757,984,600 3.1%

2018 $55,478,911,000 $1,672,365,400 3.1%

2017 $53,806,545,600 $1,731,067,100 3.3%

2016 $52,075,478,500 $1,543,448,000 3.0%

2015 $50,532,030,500 $1,832,966,939 3.8%

2014 $48,699,063,561 -$ 144,891,641 -0.3%

2013 $48,843,955,202 -$1,696,553,472 -3.4%

2012 $50,540,508,674 -$1,427,498,752 -2.8%

*July 1, 2020 projected.

-4%

-3%

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5%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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[3]

PROJECTED FY 2021 REAL ESTATE ASSESSMENTS

FY 2021 Assessments as of January 2020 $61,044,542,100

Projected Growth thru July 1, 2020 200,000,000

Projected FY 2021 Land Book as of July 1, 2020 $61,244,542,100

Projected Partial Assessments on Quarterly New Construction

$65,000,000

Projected FY 2021 Total Assessment $61,309,542,100

PROJECTED FY 2021 REAL ESTATE TAX REVENUE

For the purpose of projecting revenue, the current FY 2020 real estate tax rate of $1.0175 per $100 of value has been applied to the assessments.

First Half Assessment

2020 Tax Rate

Dec. 5, 2020 Revenue

$30,622,271,050 @ $1.0175 = $311,581,608

Second Half Assessment 2020 Tax Rate June 5, 2021 Revenue

$30,687,271,050 @ $1.0175 = $312,242,983

Total FY 2021 Assessment

2020 Tax Rate

FY 2021 Real Estate Tax Revenue

$61,309,542,100 @ $1.0175 = $623,824,591

Each $.01 of the tax rate will generate $6,130,954 or

$6,131,000

[4]

AVERAGE APPRECIATION/DEPRECIATION

Overall Median Change Overall Mean Change

2.05% 2.53%

Residential 2.06% Residential 2.44%

Apartment 12.16% Apartment 12.22%

Commercial/Industrial 1.11% Commercial/Industrial 3.25%

Approximately 14.0% of Parcels Decreased

Approximately 23.0% of Parcels Decreased or Remained Unchanged

Approximately 79.6% of Parcels Had Less Than a 5% Increase

Approximately 95.9% of Parcels Had Less Than a 10% Increase

*Actual appreciation through January 2020 when FY 2021 notices are mailed.

[5]

AVERAGE APPRECIATION/DEPRECIATION

Fiscal Year Median Change Mean Change

2021 2.05% 2.53%

2020 2.55% 3.10%

2019 1.85% 2.21%

2018 2.18% 2.45%

2017 2.34% 2.79%

2016 1.44% 1.94%

2015 1.76% 1.93%

2014 0% -2.22%

2013 -4.87% -5.29%

2012 -2.56% -3.09%

-8%

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-4%

-2%

0%

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2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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Median Mean

[6]

PERCENT CHANGE OF RESIDENTIAL PROPERTY BY VALUE RANGE

Value Range Median Change Mean Change

Under $150,000 4.56% 4.44%

$150,000 - $200,000 2.35% 2.64%

$200,000 - $250,000 1.88% 2.01%

$250,000 - $350,000 1.57% 1.75%

$350,000 - $500,000 1.72% 2.03%

$500,000 - $750,000 1.77% 2.83%

Over $750,000 2.80% 3.70%

*As of January 1, 2020.

Less than $150,000

4.44%

$150,000 to $200,000

2.64%

$200,000 to $250,000

2.01%

$250,000 to $350,000

1.75%

$350,000 to $500,000

2.03%

$500,000 to $750,000

2.83%

Over $750,0003.70%

[7]

AVERAGE RESIDENTIAL VALUES

Type

Number

Median Assessment*

Mean Assessment*

Change in Mean

Single Family 99,087 $286,500 $355,400 $7,900 2.3%

Townhouse 19,768 $156,600 $169,000 $6,700 4.1%

Low Rise Condominium

21,314 $216,000 $254,200 $10,000 4.1%

High Rise Condo/Co-op

3,020 $284,300 $309,400 $1,900 0.6%

Duplex/Home with Apartments

1,277 $332,900 $488,900 $30,700 6.7%

All Residences 144,466 $254,200 $315,200 $8,000 2.6%

*Rounded to nearest $100. In addition to residences, there are 37,662 apartment units in multi-family complexes.

DISPERSION BY HOUSING TYPE

*January 2019 to January 2020 comparison.

Single Family69%

Townhouse14%

Low Rise Condo14%

High Rise Condo2%

Duplex1%

[8]

AVERAGE ASSESSMENT BY HOUSING TYPE

AVERAGE HOME ASSESSMENT All Residential Properties

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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Hi Rise Condo Single Family Low Rise Condo Townhouse

$250,000

$265,000

$280,000

$295,000

$310,000

$325,000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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[9]

PERCENTAGE OF HOUSING BY VALUE RANGE

11% Assessed Less Than $150,000






98% Assessed Less Than $1,000,000

*There are 2,679 homes assessed at $1,000,000 or over.


Less than $150,000

11%

$150,000 to $200,000

17%$200,000 to

$250,00020%

$250,000 to $350,000

26%

$350,000 to $500,000

15%

$500,000 to $750,000

7%

$750,000 to $1,000,000

2%

Over $1,000,0002%

[10]

RESIDENCES BY YEAR BUILT

Year Built Number Mean Assessment*

Prior to 1950 2,200 $533,700

1950 to 1959 9,663 $288,400

1960 to 1969 19,456 $295,100

1970 to 1979 27,801 $286,900

1980 to 1989 46,946 $259,200

1990 to 1999 17,221 $368,100

2000 to 2009 14,927 $413,600

2010 to Present 6,252 $507,100

*Rounded to nearest $100.

PERCENTAGE BY YEAR BUILT


Prior to 19501.5%

1950's6.7%

1960's13.5%

1970's19.2%

1980's32.5%

1990's12.0%

2000's10.3%

2010 - Present4.3%

[11]

FY 2021 ASSESSMENTS BY PROPERTY CLASSIFICATION (Taxable Parcels)

Classification Parcels Assessment Percent of Total

General Commercial 3,869 $5,967,945,600 9.8%

Hotel 790 1,475,259,100 2.4%

Office 1,064 1,763,506,900 2.9%

Industrial 1,189 978,790,400 1.6%

Apartment 977 4,812,805,400 7.9%

Residential 105,946 36,156,611,200 59.2%

Townhouses 19,768 3,340,832,500 5.5%

Condominiums 24,361 6,366,640,900 10.4%

Agriculture 622 182,150,100 0.3%

Total 158,586 $61,044,542,100 100%

*Parcels reflect number of tax records as opposed to number of lots or buildings. Agriculture reflects state required coding of farms of 20 acres and over (Agriculture or

Residential zoning). Residential includes vacant lots and farms of less than 20 acres (Residential or Agriculture

zoning). Commercially zoned farm land of any size is included in General Commercial. Assessments are based upon taxable land use values as opposed to fair market value for

all qualifying farms.

Total Count of Taxable Parcels 158,586

Total Count of Exempt Parcels 3,757

Total Parcel Count 162,343


[12]

ASSESSMENT COMPARISON BY CLASSIFICATION

Classification 2021 Assessment

General Commercial 9.8%

Hotel 2.4% 16.7%

Office 2.9%

Industrial 1.6%

Apartment 7.9%

Residential 59.2%

Townhouse 5.5% 83.3%

Condominium 10.4%

Agriculture 0.3%

2020 Commercial 16.8%

Residential 83.2%


Residential 83.3%


Residential 83.4%


Residential 83.3%


Residential 83.1%


Residential 83.2%


Residential 83.4%


Residential 83.6%


Residential 84.3%

[13]

CHANGE IN PROPERTY VALUE BY CLASSIFICATION (January 2019 to January 2020)

Classification FY 2021 Assessment Change*

General Commercial $5,967,945,600 $67,682,400 1.1%

Hotel 1,475,259,100 142,891,700 10.7%

Office 1,763,506,900 28,192,500 1.6%

Industrial 978,790,400 62,793,100 6.9%

Apartment 4,812,805,400 506,388,800 11.8%

Residential 36,156,611,200 872,883,100 2.5%

Townhouses 3,340,832,500 134,477,300 4.2%

Condominiums 6,366,640,900 280,453,700 4.6%

Agriculture 182,150,100 -2,885,600 -1.6%

Total $61,044,542,100 $2,092,877,000 3.6%

*Reflects growth and appreciation.

[14]

NEW CONSTRUCTION* (January 2019 thru December 2019)

Commercial

14 General Commercial* $53,584,200

1 Office* 16,701,500

1 Hotel* 62,192,000

6 Industrial* 18,979,400

56 Commercial/Industrial Additions 11,887,200

Total Commercial New Construction $163,344,300 34.7%

*Includes buildouts.

Residential

282 Single Family $129,778,700

16 Townhouses 5,453,100

8 Duplexes 5,619,200

125 Condominium Units 56,975,000

678 Apartments 71,206,600

1,123 Residential Additions 38,874,600

Total Residential New Construction $307,907,200 65.3%

Total New Construction $471,251,500 100%

*Buildings/structures only (excludes land).

[15]

ANNUAL NEW CONSTRUCTION

2019 $471,251,500

2018 $454,338,200

2017 $459,098,700

2016 $536,348,700

2015 $348,247100

2014 $439,851,100

2013 $336,129,500

2012 $338,677,500

2011 $225,704,212

2010 $302,865,692


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[16]

VALUE OF ANNUAL NEW CONSTRUCTION* (In Millions of Dollars)

Year Total Commercial Residential

2019 $471.2 $163.3 (34.7%) $307.9 (65.3%)

2018 $454.3 $ 74.0 (16.3%) $380.3 (83.7%)

2017 $459.1 $106.9 (23.3%) $352.2 (76.7%)

2016 $536.3 $131.1 (24.4%) $405.2 (75.6%)

2015 $348.2 $ 82.8 (23.8%) $265.4 (76.2%)

2014 $439.9 $135.3 (30.7%) $304.6 (69.3%)

2013 $336.1 $ 85.2 (25.4%) $250.9 (74.6%)

2012 $338.6 $111.0 (32.8%) $227.6 (67.2%)

2011 $225.7 $ 48.8 (21.6%) $176.9 (78.4%)

2010 $302.8 $ 68.8 (22.7%) $234.0 (77.3%)


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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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Commercial Residential

[17]

NUMBER OF NEW HOUSING UNITS BUILT

Year

Homes

Duplex Units

Apartment Units

Total Housing Units

2019 423 8 678 1,109

2018 490 10 943 1,443

2017 576 3 515 1,094

2016 704 20 937 1,661

2015 686 24 329 1,039

2014 542 10 912 1,464

2013 661 4 702 1,367

2012 532 6 570 1,108

2011 566 4 20 590

2010 541 20 716 1,277

500

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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[18]

AVERAGE ASSESSMENT ON A NEW HOME

Year Median Mean

2019 $420,600 $560,000

2018 $411,500 $572,100

2017 $375,500 $499,700

2016 $371,400 $468,000

2015 $390,600 $468,700

2014 $394,300 $465,500

2013 $358,500 $405,500

2012 $346,000 $436,400

2011 $360,600 $422,300

2010 $347,600 $462,500

2009 $331,700 $419,700

2008 $335,700 $465,200

2007 $378,300 $550,700

2006 $398,500 $496,900

2005 $320,200 $438,000

2004 $262,400 $335,100

2003 $247,800 $289,100

2002 $207,800 $253,900

2001 ** $229,500

2000 ** $219,500

1999 ** $200,400 *Rounded to nearest $100. **Historic data not available.

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

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[19]

PERCENTAGE BY PROPERTY VALUE RANGE

Residential Value Range Percentage of New Homes

Under $200,000 0.9%

$200,000 to $250,000 3.4%

$250,000 to $350,000 21.7%

$350,000 to $500,000 33.8%

$500,000 to $750,000 24.0%

Over $750,000 16.2%

26.0% below $350,000 74.0% above $350,000

NEW HOME CONSTRUCTION BY VALUE RANGE

*As of January 2020.

Under $200,0000.9%

$200,000 to $250,000

3.4% $250,000 to $350,000

21.7%

$350,000 to $500,000

33.8%

$500,000 to $750,000

24.0%

Over $750,00016.2%

[20]

CHANGE IN LAND (Re-zonings and Subdivision of Property)

2019 $71,184,000

2018 $ 69,179,700

2017 $ 58,273,200

2016 $ 94,347,600

2015 $123,760,500

2014 $164,311,600

2013 $171,428,467

2012 $153,400,379

2011 $131,612,797

2010 $ 42,585,294

*Yearly estimates projected based upon six months of actual data.

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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[21]

GROWTH AND APPRECIATION/DEPRECIATION (July 1 Land Book to July 1 Land Book)

Fiscal Year 2021

Growth (Projected) $ 443,700,500 0.7%

Appreciation 1,531,631,500 2.6%

Assessment Change $1,957,332,000 3.3%

*Projected 2021 Land Book compared to actual 2020 Land Book.

Fiscal Year

Growth

Appreciation/ Depreciation

Assessment Change

2020 0.7% 2.9% 3.6%

2019 0.9% 2.2% 3.1%

2018 0.9% 2.2% 3.1%

2017 0.9% 2.4% 3.3%

2016 0.9% 2.1% 3.0%

2015 0.8% 3.0% 3.8%

2014 1.1% -1.4% -0.3%

2013 0.6% -4.0% -3.4%

2012 0.7% -3.5% -2.8%

[22]

GROWTH AND APPRECIATION/DEPRECIATION

Change in Assessment

*Based on tables found on the previous page.

-4%

-3%

-2%

-1%

0%

1%

2%

3%

4%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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Fiscal YearGrowth Appreciation/Depreciation

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2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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[23]

TAX INCREMENT FINANCING &

SPECIAL SERVICE DISTRICTS

Sandbridge District TIF & SSD

Base Year FY 1998 $206.1 Million

Preliminary FY 2021 $1.32 Billion

Central Business District South TIF*

Base Year FY 1999 $151.8 Million

Preliminary FY 2021 $ 1.05 Billion

SSD

First Year FY 2003 $18.5 Million

Preliminary FY 2021 $523.4 Million

FY 2021 as of January 2020

*CBD South TIF includes the SSD.

NEIGHBORHOOD DREDGING

SSD District FY 2021 Preliminary

Old Donation Creek $38.9 Million

Bayville Creek $15.6 Million

Shadow Lawn $19.8 Million

Chesopeian Colony $70.9 Million

Harbour Point $22.6 Million

Gills Cove $22.0 Million

Hurds Cove $49.5 Million

Schilling Point $ 9.9 Million

FY2021 as of January 2020

[24]

INVENTORY MAINTENANCE PRODUCTIVITY

Calendar Year 2018 2019

Ownership Transfers 14,705 15,069

Subdivision Plats 299 297

Corrections 658 586

VIRGINIA LANDMARKS REGISTER Partial Real Estate Tax Reduction

FY 2020 Tax Reduction = $119,241

Hermitage House Keeling House

Miller-Masury House/Greystone Manor Pembroke Manor

Shirley Hall Thomas Murray House

Weblin House Woodhouse House

Briarwood Green Hill House

Cavalier Hotel

*Based upon $0.5475 tax rate on historical buildings.

VIRGINIA BEACH HISTORIC REHABILITATION Partial Real Estate Tax Reduction

FY 2020 Tax Reduction = $35,275

Address Credit in Effect

4300 Calverton Lane 7/1/2014 – 6/30/2029

501 Virginia Beach Boulevard 7/1/2016 – 6/30/2031

525 Kempsville Road (Apartments – Old Kempsville High School)

7/1/2017 – 6/30/2032

[25]

ENERGY EFFICIENT BUILDINGS Partial Real Estate Tax Reduction

Property Type

Program Recipients

Tax Reduction

Program Recipients

Tax Reduction

Percent of Change

FY 2019 FY 2020

Residential 106 $106,821 154 $164,679 54.20%

Commercial 20 204,307 24 287,779 40.90%

Total 126 $311,128 178 $452,458 45.50%

*Based upon $0.8675 tax rate for qualified buildings.

**No expiration date for recipients and tax credit is transferable.

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2012 2013 2014 2015 2016 2017 2018 2019 2020

RecipientsDollar Amount of

Tax Reduction

Fiscal Year

Dollars Recipients

[26]

LAND USE TAXATION FISCAL YEAR 2020

Number of Parcels Under Program 922

Number of Acres Under Program 33,381

Number of Acres of Land in the City 158,720

Percentage of City’s Acreage Under Land Use 21%

Number of Acres in: Agriculture 18,444

Forest 9,122

Open Space 2,220

Swamp 2,278

Marsh 1,317

Total 33,381

Deferred Value $271,341,600 Deferred Tax $2,760,900

[27]

LAND USE TAXATION

Fiscal Year

Acreage Under Land Use Program

Acreage Rolled Back

Roll Back Taxes

2020 33,381 -- --

2019 33,003 44 $ 54,824

2018 33,382 40 $ 103,353

2017 33,061 76 $ 211,484

2016 32,922 77 $ 100,352

2015 33,351 241 $ 145,030

2014 34,153 115 $ 268,241

2013 34,650 132 $ 358,214

2012 34,710 22 $ 52,345

2011 35,555 13 $ 54,963

LAND USE RATES

Fiscal Year Agriculture* Forest*

2021 $1,800 $631

2020 $1,800 $622

2019 $1,800 $577

2018 $1,800 $553

2017 $1,800 $566

2016 $2,120 $597

2015 $1,630 $456

2014 $1,190 $442

2013 $ 850 $455

2012 $ 480 $463

2011 $ 470 $505

*Based upon per acre Class III Agriculture and Good Forest.

[28]

REAL ESTATE TAX EXEMPTION/DEFERRAL/FREEZE FOR SENIOR CITIZENS AND DISABLED PERSONS

Fiscal Year 2020

Number of Recipients Tax Reduction

5,507 $10,408,482

*Administered by the Commissioner of Revenue.

REAL ESTATE TAX EXEMPTION FOR 100% DISABLED VETERANS, SPOUSES OF MEMBERS OF THE

ARMED FORCES KILLED IN ACTION AND SPOUSES OF EMERGENCY SERVICE PROVIDERS

KILLED IN THE LINE OF DUTY

Fiscal Year 2020

Program Recipients Tax Reduction

Disabled Veterans 2,120 $6,859,612

Spouses of KIA’s 16 54,777

Line of Duty Act (LODA) 1 2,006

Total 2,137 $6,916,395

*Administered by the Commissioner of Revenue.

[29]

TAX EXEMPT PROPERTY

Federal Government 178 Parcels $5,626,497,100

State Government 193 Parcels 217,333,800

Local Government 2,271 Parcels 3,744,026,900

Regional Government 121 Parcels 127,550,600

Cemeteries & Graves 90 Parcels 2,839,200

Religious 364 Parcels 685,557,800

Educational 30 Parcels 448,632,000

Fire & Rescue Squads 7 Parcels 10,320,800

Benevolent 17 Parcels 13,149,500

Charitable 486 Parcels 553,276,500

Totals 3,757 Parcels $11,429,184,200

[30]

Cemeteries and Graves Section 58.1-3606A (3), B $ 2,839,200

Religious Section 58.1-3606A(2), B

Churches $ 630,933,100

Parsonages $ 13,153,900

Armed Services of YMCA $ 801,600

Salvation Army $ 9,914,300

Union Mission, Inc. $ 4,931,600

YMCA of Tidewater, Inc. $ 25,608,700

Franciscan Sisters of St. Joseph $ 214,600

Educational Section 58.1-3606A(4), B

Association for Research & Enlightenment $ 14,408,400

Cape Henry Collegiate School $ 19,677,100

Catholic High School $ 16,007,400

Friends School $ 10,298,700

Gateway Christian School $ 5,375,000

Old Dominion University, Real Estate Foundation $ 23,146,000

Regent University $ 135,626,800

State Board for Community Colleges $ 109,861,600

UJFT Community Campus LLC $ 20,443,700

Virginia Wesleyan College $ 93,787,300

Fire and Rescue Squads Section 58.1-3610

Chesapeake Beach Volunteer Fire $ 1,156,300

Ocean Park Volunteer Fire $ 1,750,500

Princess Anne Courthouse Volunteer Fire $ 328,800

Virginia Beach Rescue Squad, Inc. $ 7,085,200

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Benevolent Section 58.1-3606A(7), B 3607A(1), 3650.1-650.443

Columbian Club of Virginia Beach $ 695,400

Disabled American Veterans $ 792,300

Elks Lodge $ 198,200

Fraternal Order of Eagles $ 1,025,100

Masonic Lodges $ 6,926,200

Moose Lodge $ 2,256,500

O.S.I.A. of Tidewater, Inc. (Roma Lodge) $ 627,400

General MacArthur Memorial Post $ 628,400

Charitable Section 58.1-3606A(5), A(7), A(8), B, 3607(A)1, 3608, 3611, 3613, 3614, 3618, 3650.1-3650.904

Association for Preservation of Va. Antiquities (Lynnhaven & Wishart Houses and Cape Henry Lighthouse)

$ 161,500

Boys Club of Norfolk $ 3,590,000

Children’s Hospital of the Kings Daughters, Inc. $ 41,217,300

Little Theater of Virginia Beach $ 1,240,400

Planned Parenthood of Southeastern Virginia $ 3,819,200

Princess Anne County Historical Society (Wolfsnare Plantation) $ 594,000

Sentara Princess Anne Hospital $ 154,799,300

Sentara Virginia Beach General Hospital $ 133,751,500

Tidewater Council of Boy Scouts, etc. $ 1,072,100

Virginia Beach SPCA $ 2,008,400

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EXEMPTED BY THE GENERAL ASSEMBLY WITH COUNCIL ENDORSEMENT

Al Anon Family Group Headquarters, Inc. $ 4,424,500

Baycliff Civic League, Inc. $ 603,300

Beach Health Clinic, Inc. $ 1,024,100

Beth Sholom Home of Eastern Virginia $ 6,435,400

Beth Sholom Terrace $ 9,003,500

Birdneck Point Community League $ 213,900

Biznet, Inc. $ 1,814,100

Blackwater Creeds Foundation $ 1,047,900

Branch 99 Fleet Reserve Associates, Inc. $ 576,900

CAMG-A, Inc. $ 146,800

CAMG-AA,Inc. $ 251,700

CAMG-B, Inc. $ 168,600

CAMG-C, Inc. $ 152,400

CAMG-D, Inc. $ 149,700

CAMG-E, Inc. $ 220,600

CAMG-F, Inc. $ 219,700

CAMG-H, Inc. $ 160,600

CAMG-J, Inc. $ 223,300

CAMG-O, Inc. $ 223,700

Chesapeake Bay Foundation, Inc. $ 3,227,400

Chinese Community Associates of Hampton Roads, etc. $ 1,277,300

Club Brittany, Inc. $ 1,104,200

Community Alternatives Management Group $ 8,583,000

Council of United Filipino Organizations $ 2,561,900

Diamond Springs Civic League, Inc. $ 194,000

Holland Meadows Swim & Racquet Club, Ltd. $ 297,100

Judeo Christian Outreach Center, Inc. $ 1,686,400

Kings Grant Community League, Inc. $ 738,600

Larkspur Civic League, Ltd. $ 767,400

Little Neck Swim & Racquet Club, Inc. $ 2,784,100

Marian Manor, Inc. $ 7,386,500

Nature Conservancy $ 4,333,200

North Alanton Civic League, Inc. $ 2,093,200

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Our Lady of Perpetual Help $ 10,124,800

Pembroke Manor Recreation, Inc. $ 190,000

Pembroke Meadows Civic League, Inc. $ 658,500

Pine Ridge Civic League, Ltd. $ 62,600

Russell House, Inc. $ 9,078,100

Salem Woods Civic Association, Inc. $ 101,000

Samaritan House, Inc. $ 2,770,000

Southeastern Virginia Housing Corporation $ 1,193,600

Sugar Plum, Inc. $ 1,298,000

Sullivan House $ 14,848,600

Vetshouse, Inc. $ 583,000

Virginia Beach Christian Outreach Group $ 865,400

Virginia Beach Community Development Corp. $ 39,540,500

Virginia Beach Community Trust $ 256,900

Virginia Beach Ecumenical Housing $ 187,800

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EXEMPTED BY CITY COUNCIL

African American Cultural Center, Inc. $ 1,671,100

Aragona-Pembroke Little League, Inc. $ 528,700

Cornerstone Property Ventures LLC $ 5,456,000

Disabled American Veterans Combining Chapters Thrift Stores $ 5,520,000

Equi-Kids Therapeutic Riding Programs $ 2,390,600

Goodwill Industries of Central Virginia $ 500,800

Hampton Roads Youth Hockey Assoc. $ 1,793,200

Heart Havens, Inc. $ 283,100

Love & Caring for Homeless, Ltd. $ 274,600

Mercy Medical Airlift $ 638,700

Onesimus Ministries of Norfolk, Inc. $ 285,300

OS HC, LLC (Operation Smile Headquarters) $ 14,881,800

PACH LLC $ 1,554,900

St. Gregory The Great Catholic Church $ 3,404,200

THSB, LLC $ 436,000

United Cerebral Palsy of S & C Va. $ 432,600

Vanguard Landing, Inc. $ 1,738,900

Virginia Baptist Children’s Home & Family Services $ 586,200

Virginia Beach Airport, LLC $ 10,333,900

Virginia Beach Events Unlimited $ 903,300

Virginia Gentlemen Foundation, Inc. $ 4,949,300

Zeiders American Dream Theater $ 6,605,800

REAL ESTATE ASSESSOR’S Fiscal Year 2020/2021...2020 and projected FY 2021 assessments. Also shown...

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Transcript of REAL ESTATE ASSESSOR’S Fiscal Year 2020/2021...2020 and projected FY 2021 assessments. Also shown...