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Colonial Place/Riverview : Real Estate Advice

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  • Home Buying1
  • Home Selling1
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Activity 3
Sat Oct 30, 2010
Wayne Goodman (757) 692-6266 answered:
Good morning, Mr. Robinson. The tax amount that you pay for a property is based on only one thing - that property's assessed value as determined by the City tax assessor. The same tax rate is used by the City for all residential properties. Many times, especially in older neighborhoods in the City such as Colonial Place, Riverview, Ghent, etc., the 'fair market value' of a house - i.e., what a willing buyer and willing seller agree in today's market to buy/sell it for - has fallen below the respective assessed value for the property. If one purchases a property for a price below its tax assessed value, one often petitions the City's tax assessor to seek a reduction in the property's assessed value, which then will reduce the tax bill for that property. Those petitions, however, are not a sure thing; they have been met with varying levels of success. Let me know if I can provide any assistance. I am a native of Norfolk and work throughout it extensively. You may contact me on wayne.goodman@longandfoster.com. Wayne Goodman ... more
0 votes 6 answers Share Flag
Fri Apr 17, 2009
Ken Herrera Group answered:
Hello Sherry,

Obviously you have tried FSBO.com, have you tried Craigslist.com as well? Also try the yahoo classifieds, even though there is a fee involved.
0 votes 25 answers Share Flag
Sat Apr 18, 2009
California to Virginia answered:
Check us out! CPRV@cprv.org

Great civic league
winston
0 votes 5 answers Share Flag
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