Adopted FY2017 2018 Operating & Capital Budget

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CITY ASSESSOR DESCRIPTION The purpose of the City Assessor’s Office is to discover, list, and value all real property in the City of Suffolk. Real estate values are based on local market conditions and governed by Section 58.1-3200 of the Code of Virginia, which requires assessments to reflect one hundred percent of market value. FY 2017 ACCOMPLISHMENTS 

Refined reporting methodology and electronic approval process for exonerations, supplements and assessment updates.

Continued conversion efforts and conducted training for all office staff on the Vision Appraisal CAMA System.

Continued quantitative inspection tracking for the purpose of International Association of Assessing Officers standard compliance and workflow monitoring.

Finalized comparative aerial analysis preparation of existing properties (CONNECT Assessment)

FY 2018 OBJECTIVES 

Finalize plans regarding the phase out of the existing Appraisal Plus CAMA System. (City Engagement and Responsive City Services)

Continue with implementation of Vision Appraisal Tablets for electronic documentation of property inspections. (City Engagement and Responsive City Services)

To develop a comprehensive building permit database. (City Engagement and Responsive City Services)

To continue application of standardized techniques for land valuation and attribute difference adjustments. (City Engagement and Responsive City Services)

STATISTICS/PERFORMANCE MEASURES Real Property Parcels Assessed Single Family Urban Single Family/Suburban Multi Family Commercial/Industrial Agricultural (20-99 acres) Agricultural (>99 acres) Number of Sales Transactions Number of Qualified Sales Median Residential Sales Price Number of Foreclosures

FY 16 Actual

FY 17 Projected

FY 18 Estimate

2,625 31,656 66 2,479 1,297 417 3,433 1,057 246,800 283

2,619 31,939 112 2,424 1,301 418 3,820 1,110 260,000 274

2,625 32,125 112 2,436 1,309 418 4,200 1,200 260,000 250

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Adopted FY2017 2018 Operating & Capital Budget by City of Suffolk, Virginia - Issuu