VIRGINIA BEACH — Homeowners are likely to see higher real estate tax bills again this year with assessments growing more than 5% for most property owners. Assessments will be mailed Friday.
Virginia Beach residents have experienced a steady increase in the assessed value of their homes since 2022. The median home assessment has increased by nearly $100,000 over the same time period.
At a retreat last month , City Council members indicated that they’re not interested in raising the real estate tax rate in the upcoming budget…