The James City County Real Estate Assessments division is tasked with producing biennial assessments on all properties located in the County. The valuation process involves comparing property sales and market trends to determine the value of each parcel in the County. The division also provides property owners the opportunity to request an in-house review of their disputed valuation during the 30 days following the date on the “Notice of Change” that is mailed each year.
The County is currently in the midst of a large-scale reassessment of agricultural, commercial and residential property, according to the county’s Director of Real Estate Assessments Dayle Gallagher. She noted that overall property values in the county increased by 18%. Those increases will be taken into consideration when the county sets its new property tax rate for fiscal 2025.
Unlike traditional appraisal methods that use comparable sales to determine value, the Zestimate approach uses a proprietary algorithm to estimate your home’s current market value, taking into account home features like kitchen upgrades, bathroom renovations, garage additions and more. Zestimates are based on data from millions of real-world home sales and are updated monthly to reflect market activity.
James has over 15 years of real estate valuation James Sanson experience and specializes in high-end residential, commercial, and mixed-use properties throughout the St. James area, with a particular expertise in the luxury and luxury-selection markets. He has been featured on a variety of nationally syndicated radio and television programs including This Morning with Gordon Deal, Marketplace and CBS MoneyWatch. He has also won awards from the National Association of Real Estate Editors and the Colorado chapter of Society of Professional Journalists.
In addition to his work at Meehan Valuation, James is a full-time contributor to Business Insider. He covers real estate, business and economics. He previously covered commercial and residential real estate for the Denver Business Journal.
The Manhattan skyscraper 40 Wall Street was the focus of a lawsuit brought by New York Attorney General Letitia James against Donald Trump and the Trump Organization over claims they inflated their assets. But a recent appraisal estimate that has the property’s worth plunging might complicate James’ attempt to seize the asset as part of her legal settlement. The assessment also comes amid a decline in office demand and the looming financial pressures of an upcoming ground lease payment due by 2033.