Overall real estate property assessments have fallen for the first time in Roanoke history, and that means less money for city services and schools. City real estate officials told City Council yesterday that overall property values fell about 1.2%, and that will result in about $1 million less in revenue.
More than 18,000 notices went out in yesterday’s mail and should arrive today. If you do not receive one, it means there is no change for the property you own.
As the numbers were presented yesterday, City Council reaction dealt largely with different trends in different parts of the city. More from WFIR’s Evan Jones.[audio:http://wfirnews.com/wp-content/uploads/2012/01/01-04-Assessment-Wrap1-WEB.mp3|titles=01-04 Assessment Wrap1-WEB]
Click here to read the full assessment report.