The Garageless Town Homes On Van Valkenburgh Lane Parking Spaces Are Not Deeded & Are Not Being Taxed By Alexandria City

 Good afternoon, -

I am in the Office of Real Estate Assessments.  We have the responsibility to value all real property in the City every year at its fair market value for taxation.  Real property is the interests, benefits, and rights inherent in the ownership of physical property (the land and all things attached to the land by people).

The Office of Real Estate Assessments does not approve documents recorded in the Land Records, but we will value property based upon any changes to the rights of property owners made by the legal recordings.  We will change a property's value if the legal recordings are determined to impact value and if we can demonstrate the adjustments necessary to the property value using market sales.

I reviewed the properties along Van Valkenburgh to see if we were assessing any parking spaces or making market adjustments for parking spaces outside of garages. We are not valuing any parking spaces in the common areas for Potomac Yard Homeowners Association.

Garages are being assessed as part of the building value for each property.  Properties without garages along Van Valkenburg have basement space and other features that distinguish them, contributing to their value.  I have included a worksheet showing the different features that we are assessing for the townhouses on the west side of Route 1.  We are not adding any value for the parking spaces this time to any property’s assessed value in this group.
                                                                                              
Based upon my review of this data, I believe the properties to be in equity with one another and would not make any adjustments to the assessed values.  Since we are not adding to the properties' assessed values for the parking spaces, we would also not reduce the properties' values should the assignments be found to be invalid.

Please feel free to contact me should you have any questions about the assessed values.

Sincerely,


Appraiser Supervisor