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Mathews property values running about 30 percent higher

Mathews County’s reassessment is moving along, and residents should expect to get notification letters concerning the value of their property sometime in November.

Mike Colavecchio, assessor with Wampler and Eanes Appraisal Group, said last week that he wouldn’t be able to tell residents what their taxes will be next year because it will be up to the board of supervisors to set next year’s tax rate, but he will soon let property owners know the value of their land and the buildings on it.

Mathews County Commissioner of the Revenue Ray Hunley said that, even though there has been a downturn in real estate in various parts of the country, Mathews residents shouldn’t be surprised if the current assessed value of their home is higher than the last assessment, which went into effect on Jan. 1, 2005.

The current sales-to-assessment ratio seems to be running about 30 percent higher than that of the last reassessment, said Hunley. For example, he said that a typ...

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