Charlottesville Board of Equalization declined all but one assessment appeals

It has now been seven weeks and two day since the Charlottesville Board of Equalization met on May 17 to hear appeals from property owners of their 2022 real estate tax assessments. Eleven were scheduled but one withdrew. The Board affirmed the property assessments in all ten of the cases that were heard. (read the minutes)

  • The owner of an apartment in the Belmont Lofts wanted the BOE to lower the assessment to $265,000 down from the $400,900 for 2022. The Board agreed to lower the amount to $365,000. GIS for this property currently says $364,000. 
  • The owner of 409 Park Street in North Downtown sought reduction to $750,000, but the BOE affirmed the $914,800 assessment. 
  • The owner of 1010 Peartree Lane in the Locust Grove wanted to have the assessment dropped to $265,650 but the Board affirmed the $323,700 as the fair market value. The owner bought the 0.21 acre property in 1976 for $34,000. 
  • HPTMI Corporation owns the Residence Inn on Millmont Street. They argued the fair market value should be $11,547,400 rather than the $14,762,600 for 2022. The BOE disagreed and affirmed the assessment. When the motel was built in 1997, it was assessed at $3,845,500 and steadily increased each year until this year, when the assessment dropped around $1.5 million. 
  • The owners of the Omni Hotel withdrew their appeal of the property’s $35.8 million 2022 assessment. Like the Residence Inn, the assessment has been dropped since 2020 due to the pandemic. There’s still an active lawsuit regarding the 2021 assessment. Last year, the Omni sued Charlottesville over what they perceived as an overpayment of taxes. Read an April 2021 story by Tyler Hammel in the Charlottesville Daily Progress
  • Ludwig Kuttner sought an unspecified reduction for an industrial building at 1155 5th Street NW next to the Willoughby Shopping Center and claimed “appraiser failed to take into consideration the tremendous impact that ‘Covid’ had on all businesses and property owners.” The Board affirmed the assessment of $2,888,500 and said Kuttner presented no new evidence.
  • Kuttner also sought an assessment reduction for the 10,75 acres of the Ix property, a request he has made in the past. This time, he cited the same reason. The property was assessed at nearly $14.4 million and it will stay that way. Read about the 2017 appeal on Charlottesville Tomorrow
  • The section of the Ix property that is operated as the Ix Park and is rented to Three Notch’d Brewery was assessed at $5.62 million. The BOE affirmed. 
  • Kuttner also sought relief for the Terraces at 100-106 West Main Street. The city assessors valued it at $12,690,400 and the Board of Equalization affirmed that amount.
  • The same story can be said about 201 E. Main Street, otherwise known as Central Place. Kuttner made the same argument but the BOE affirmed the $2.83 million assessment for 2022. 
  • Kuttner also represented the owners of 301 E. High Street and made the same basic argument about COVID. The Board also affirmed this property. 
The Residence Inn on Millmont Drive is assessed at nearly $14.8 million 

Before you go: The time to write and research of this article is covered by paid subscribers to Charlottesville Community Engagement. In fact, this particular installment comes from the July 7, 2022 edition of the program. To ensure this research can be sustained, please consider becoming a paid subscriber or contributing monthly through Patreon.

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