Residential property values in Hampton went up by 5 percent in the past year, according to a report presented to City Council on Wednesday night by the Assessor’s Office.
A total of 46,356 residential properties had a total assessed value of $13.03 billion, compared to the previous year’s figures of 46,349 properties assessed at $12.4 billion. The new figures represent assessed values heading into Fiscal Year 2027, which begins on July 1.
The 5 percent increase represents a smaller level of growth than the year before, when residential property values went up by 7.9 percent…