The 2012 assessments for property in for Manassas are in the mail and they’re up a bit over last year.
The Commissioner of the Revenue’s Real Estate Division mailed 12,300 real estate assessment notices Friday to all property owners in the city.
The average assessed value for residential property is up by an average of 2.55 percent while non-residential property assessments increased by an average of 1.47 percent, said Manassas Commissioner of the Revenue John Grzejka.
With an average of $280,700, assessments for single family homes in Manassas increased by 1.8 percent. The town house assessments came in at $154,300, up by 4.2 percent and the average condominium assessments came in at $129,300 which is up 3.6 percent, according to division background documents.
Assessment totals for taxable real estate in Manassas came in at $3.9 billion which is up by $118 million, or 3.1 percent, over the 2011 assessment base, the documents show.
Grzejka said the increase in market value which drives assessments is a good sign for the economy, though things remain a little bit mushy and the market is showing caution.
“The increases are modest, so there’s still come uncertainty in the market, but the trends look positive but not overwhelming at this point,” he said. “Properties are increasing slightly on the average.”
Senior reporter Keith Walker can be reached at 703-369-6751.
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