Preliminary results for Gloucester’s 2020 reassessment bode well for the county. The report was delivered Tuesday night to the Gloucester County Board of Supervisors during its meeting in the colonial courthouse.
According to Stephanie Tinsley, the county’s chief financial officer, preliminary results show an overall 5 percent increase in the value for all types of property in the county.
Tinsley said Gloucester’s total estimated assessment of all properties for 2020 is $5.1 billion. That number for this year was $4.9 billion and was $4.8 billion for 2018. “So, you can see there’s a continual ticking up of value, which aligns with other localities we’ve looked at that are seeing anywhere from a 4 to 7 percent increase in assessment values,” Tinsley said.
Abingdon district supervisor J.J. Orth asked if the 5 percent increase in overall assessed values is relative to more dwellings being built or a sign that the economy is doing better. &ldquo...
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