Update from the Foreclosure-Based Economy 0
Making homes more affordable while reducing wasteful spending on unnecessary frills such as schools, police forces, and fire departments:
(snip)
Bunn said what Norfolk experienced with its home values is not unlike its neighbors. Virginia Beach’s real estate tax assessments will drop by about 3 percent, Chesapeake by 3.3 percent and Suffolk from 5 to 7 percent, she said. She did not get an answer from Portsmouth leaders about their assessments, she said. Other South Hampton Roads cities are expected to release details soon about their 2010 assessments.
