Latest news with #propertyassessment
Associated Press
05-07-2025
- Business
- Associated Press
NextDay Inspect Expands Premier Home Inspection and Environmental Services into West Virginia
NextDay Inspect® announces its service expansion into West Virginia, bringing comprehensive home inspection and environmental testing to Jefferson, Berkeley, and Morgan counties. Offering homebuyers, sellers, and real estate professionals in the region access to timely, detailed, and reliable property assessments. Sterling, Virginia, United States, July 5, 2025 -- This strategic expansion reflects NextDay Inspect®'s commitment to making the real estate transaction process smoother and more transparent for a wider range of clients. Known for their rapid report turnaround (typically within 48 hours), thorough assessments, and use of advanced technology like thermal imaging, NextDay Inspect® aims to bring the same level of quality and customer focus to these growing West Virginia communities. Bringing Comprehensive Services to West Virginia Residents, buyers, sellers, and real estate professionals in Jefferson, Berkeley, and Morgan counties can now benefit from NextDay Inspect®'s extensive service offerings, including: Commitment to Quality and Client Satisfaction NextDay Inspect®'s expansion is built on the same core values that have established its reputation in the DMV area: reliability, precision, and exceptional customer service. The company understands the significance of buying or selling a property and strives to provide clients with the detailed information and peace of mind needed to make confident decisions. 'We are thrilled to bring our trusted services to Jefferson, Berkeley, and Morgan counties,' said Khaled Alkurd, Operations Coordinator for NextDay Inspect®. 'Our goal is to empower property owners and buyers in West Virginia with the same high-quality inspections and rapid, reliable reporting that our clients in Virginia, Maryland, and DC have come to expect. We look forward to becoming a valued partner in the local real estate community.' The expansion into West Virginia marks a significant milestone for NextDay Inspect®, reinforcing its position as a premier inspection service provider in the Mid-Atlantic region. Expanding Our Reach The expansion of NextDay Inspect® into Jefferson, Berkeley, and Morgan counties marks a significant step in providing accessible, high-quality home inspection and environmental testing services to the West Virginia eastern panhandle. By extending its proven model of thorough assessments, advanced technology, rapid reporting, and dedicated customer service, NextDay Inspect® aims to simplify the real estate process and empower clients in these new service areas to make informed decisions about their properties with confidence and peace of mind. About the company: NextDay Inspect® is a premier provider of comprehensive home inspection and environmental testing services across Washington D.C., Maryland, Virginia, and the eastern panhandle of West Virginia (Jefferson, Berkeley, and Morgan counties). Utilizing advanced technology and delivering detailed reports typically within 48 hours, NextDay Inspect® empowers homebuyers, sellers, and real estate professionals to make informed property decisions with confidence and clarity. The company is committed to providing reliable, thorough, and timely assessments to ensure a smooth and transparent real estate transaction process. Learn more at Contact Info: Name: Khaled Alkurd Email: Send Email Organization: NextDay Inspect® Address: 46179 Westlake Dr #200, Sterling, VA 20165 Phone: 703-450-6398 Website: Video URL: Release ID: 89158637 In case of identifying any problems, concerns, or inaccuracies in the content shared in this press release, or if a press release needs to be taken down, we urge you to notify us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will be readily accessible to address your concerns and take swift action within 8 hours to rectify any issues identified or assist with the removal process. We are committed to delivering high-quality content and ensuring accuracy for our valued readers.
Yahoo
07-06-2025
- Business
- Yahoo
Land, mobile homes, city center condos see largest increases in value in Spokane County this year
Jun. 6—Vacant land and mobile homes are hot commodities, according to the latest data from the Spokane County Assessor's Office. Property owners across the county began receiving their property assessments for 2026 taxes this week that serve as the county's estimates as of Jan. 1. They tend to be lower than what a property would fetch on the market, and year-over-year increases and decreases usually vary neighborhood to neighborhood. Spokane County Assessor Tom Konis said that of the nearly 215,000 properties appraised by his office this year, rural lands, manufactured homes and condos at the city's core saw the largest increases in value for residential properties. The value of the average Spokane County home climbed from $428,617 to $435,028 this year, a 1.5% increase following the county's first decrease last year after a decade on the rise. Spokane County home values have more than doubled in the last seven years, growing from an average of $209,659 in 2018 to around $430,000 for the past three years. "The residential real estate market appears to have calmed down in most areas," Konis said in a written statement. "Additionally, land is in high demand and prices continue to rise." Southern Spokane County properties near Spangle, Fairfield, Rockford and south of Cheney saw the biggest increase, with residential properties to the east of U.S. Highway 195 growing in value at an average of 5.9%, and properties to the west of the thoroughfare slightly behind at a rate of 4.5%. The growing allure of rural lands is consistent across the county, Spokane County Deputy Assessor Joe Hollenback said. Vacant land, whether zoned for commercial or residential use, saw an average increase countywide of around 10%, according to Assessor's Office data. Manufactured homes on leased land grew in value by a whopping 13%, which Konis said he believes is because of their affordability. Demand is growing as other entry-level housing becomes more unaffordable. Recent legislation limiting rent increases of the land and mobile home parks the structures sit on could further fuel their popularity. Rounding out the increases this year are the residential units in downtown Spokane and Kendall Yards, which saw an average increase of nearly 9%. That's despite commercial office buildings seeing a decline of 6% and losing tens of millions in assessed value over the past five years, as previously reported by The Spokesman-Review. Konis said homeowners can use the assessments they have, or are soon to receive, to get an idea of what their 2026 tax bill will be by using the estimator tool available on the county's website. Launched in 2022, the tax estimator tool provides a ballpark of what homeowners can expect; it is not a comprehensive prediction. That's largely because the assessor's office can't calculate tax bills until late December. County staff can only set levy rates once they know every local government budget and every voter-approved levy and bond issue. The largest chunk of a homeowner's taxes — often more than 50% — goes to schools. About 15% of Spokane County property taxes go to cities and towns. Fire districts get about 12% of the pie, and the county government receives 8%. Smaller pieces go toward road funds, libraries, cemeteries and parks.
Yahoo
31-05-2025
- Business
- Yahoo
Property assessments up 7.5% in Daviess
Inflation is causing property assessments in Daviess County to soar. Rachel Pence Foster, Daviess County's property valuation administrator, says property assessments are up 7.5% this year. That's the sixth straight year that assessments have grown by 5% or more. And the most one-year increase in decades. If nothing changes, city and county governments and school districts will get an increase in the amount of taxes collected without raising their rates. And home owners will pay more in taxes. PVAs are required to assess property at its fair-market valued. They do not set tax rates. The county is divided into four quarters and one quarter has its property reassessed each year. This year, it was the area south of Parrish Avenue and east of Frederica St. Foster said homes in that area may have seen an increase of 10%, 22%, 35% or more. 'This new assessment was an increase over a four-year period and the numbers in this article are for the entire county as a whole for one year,' she said. 'Three-fourths of the county and city was not in the re-assessment area. The increases also include all new home sales.' When property is sold, it is reassessed at the sale price. And new buildings are assessed when they are completed. In dollar terms, assessments this year increased by $594 million. That's up from $436.28 million last year. The total value of all taxable property in Daviess County is now $8.5 billion. That's up from $7.89 billion last year. Realtors say the problem is a shortage of homes on the market for the past five or more years. Supply and demand means houses will sell for more money with demand for them rising. Residential property up 8.1%Foster said residential property values were up 8.1% or $412.9 million to a total of $5.5 billion. Last year, it increased by $320.99 million. Foster said the value of commercial property was up $151.5 million — 6.9% — to $2.3 billion. Last year, it was up $33.7 million. And the value of agricultural property was up $29.7 million or 5.2% to a total of $600.7 billion. Last year, it was up $81.57 million. The number of $1 million — or more — homes continues to climb. In 2021, there were only six. Last year, there were 11. And this year, Foster said, there are 19. That's just the homes, not any land other than yards. Kentucky allows people who are 65 and older or disabled to lower the assessed value of their homes by $49,100 under the Homestead Exemption Act. The amount increases every two years. Foster said this year there are 11,023 homes that have qualified for the exemption — up from 10,820 last year. That breaks down as 10,207 for age and 816 for disability. Foster said the exemption lowered the value of those homes by $534.9 million. That's up from $495.8 million last year. Government buildings, churches and certain nonprofits don't pay taxes. That took $1.75 billion off the tax rolls — down from $1.78 billion last year. People can check their assessments — and their neighbor's — on the PVA's website — The site also has a tax calculator that lets people see roughly what their property taxes will be this year — if the rates don't change.
CBC
08-05-2025
- Business
- CBC
Calgary sees surge in calls over property assessments, modest rise in actual complaints
If you had a case of sticker shock when you opened up your property assessment this year, you're far from alone. The City of Calgary received an eye-popping number of calls from citizens in 2025 who wanted to review the city's estimate of their property value, which affects how much property tax they'll owe. (But not always how people might think — more on that in a moment.) At first glance, the number seems huge: 10,762 calls during the city's customer review period for annual assessments. That's more than double the 4,558 calls the city received during last year's review period. But, unlike last year, the majority of the calls in 2025 were resolved without escalating to a formal complaint being filed with the Assessment Review Board. Only 31 per cent of this year's calls led to formal complaints, compared to 61 per cent last year. A total of 3,378 complaints were filed this year, for both residential and non-residential properties, which represents 0.56 per cent of all properties in the city. That's also up from last year's mark of 0.48 per cent, but it's not as dramatic of an increase as the sheer number of calls. Average residential assessment up 15% Acting director of assessment Daniel Lidgren said property values in Calgary rose significantly last year, and residential assessments across the city were up by 15 per cent on average, which likely came as a surprise to many people who weren't following the real estate market closely. He figures that might explain the surge in people calling about their assessments but then ultimately choosing not to file a formal complaint. "For a lot of people it may have been a sticker shock or a lack of awareness of the true change in the market," Lidgren said. "So I'm very hopeful that, for a large portion of the people that called in, we were able to show them and explain the sales that happened on that street or in their neighbourhood that defined the assessment, which basically satisfied them so they didn't need to proceed further." The 2025 assessments represent the estimated value of a property on July 1, 2024. There is a $50 fee for filing a complaint with the Assessment Review Board. How your assessment affects your tax bill Lidgren also noted a big assessment increase doesn't necessarily mean a correspondingly large increase in your tax bill, which can be a point of confusion for some people. What actually matters, he said, is how the change in your assessment compares to the change in the average assessment. The average assessment increase, remember, was 15 per cent. So if your assessment grew by less than that, your tax increase will be below average as well. If it grew by more than that, then your tax increase will be larger than average. If your assessment happened to be exactly average, Lidgren said you can expect a five per cent increase in your municipal tax bill and about a 15 per cent increase in your provincial tax bill. The provincial increase is larger because the Alberta government hiked its portion of Calgarians' property tax bills significantly in its most recent budget, and signalled an intention to do so again next year, in an effort to increase the share of education funding that comes from property taxes. A typical single-family home in Calgary is now assessed at $697,000. City taxes on a home like that will increase by about $11 per month in 2025, along with an $18 per month increase in provincial property taxes. As for the people who did go through with a formal complaint, we won't find out for a while yet how many were successful in getting their assessments lowered. Those files are still working their way through the Assessment Review Board process.
CBC
07-05-2025
- Business
- CBC
Sticker shock of property assessments keep city phone lines busy
Property assessments were up by an average 15 per cent this year, prompting Calgarians to light up the phones at city hall. But as Robson Fletcher reports, just because the city thinks your home or business is worth a lot more, that doesn't necessarily mean you'll see a huge jump in your property taxes.
