• Sun. Apr 11th, 2021

Staunton real estate assessments make large leap for some residents

STAUNTON — Staunton homeowners may have received their real estate assessments in the mail this week and some are surprised by the jump in the number.

The taxable properties in the city averaged an increase in value by 10.14%, according to a release from the city. 

There are 11,249 taxable properties located Staunton. Individual neighborhoods and sections of the city change at different rates and assessments of individual properties will vary from the average change for the city overall, the release said.

But some property owners are shocked to see their assessments with more than a 20% increase, according to a feed on the Staunton NextDoor app. Social media has been abuzz with people posting they’ve seen a large increase in their property’s assessment ranging in the upwards of 20% and are not very happy about it.