Real Estate Assessor’s Annual Report...The following charts, graphs and tabular data outline detailed comparisons between FY 2018 and projected FY 2019 assessments. Also shown is

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AAAnnual nnual nnual RRReporteporteport Fiscal Year 2018/2019

February 22, 2018 The Honorable Mayor Will Sessoms and Members of City Council Dear Mayor and Council Members: On Friday, March 2, 2018, the Real Estate Assessor’s Office will mail 155,212 assessment notices for all taxable properties included in the fiscal year (FY) 2019 reassessment to all property owners. The attached Annual Report details actual and projected data for the FY 2019 reassessment, as well as the following Executive Summary that shows pertinent data compared to last year’s projections included in the FY 2018 Annual Report. The projected FY 2019 assessment of $57,106,267,600 represents a 2.8% increase from the current year assessment, generating approximately $572,490,000 total revenue from real estate taxes. Each penny of the $1.0025/$100 tax rate will generate $5,711,000 in revenue. The following charts, graphs and tabular data outline detailed comparisons between FY 2018 and projected FY 2019 assessments. Also shown is the value allocation between residential and commercial property classes, new construction and land value growth, appreciation, tax exemptions, SSD/TIF data, land use and other processes administered by this office such as parcel inventory maintenance. I shall, of course, be available to answer any inquiries or provide further information on the assessment. Sincerely,

Ronald D. Agnor City Real Estate Assessor RDA/trw

REAL ESTATE ASSESSOR (757)-385-4601 FAX (757) 385-5727 TTY: 711

MUNICIPAL CENTER BUILDING NUMBER 18

2424 COURTHOUSE DRIVE VIRGINIA BEACH, VA 23456-9054

EXECUTIVE SUMMARY 2018 & 2019 Real Estate Assessor’s Annual Reports

Comparison of Pertinent Data

Jan. 2017 Jan. 2018 Total Count of Taxable Parcels 157,257 157,940 Total Count of Exempt Parcels 3,794 3,768 Total Parcel Count 161,051 161,708 Projections from FY 2018 to FY 2019 2018 2019 Projected Increase of Taxable Assessment 2.7% 2.8% Total Projected Taxable Assessment (Billions) $55.3 $57.1 Total Projected Taxes Generated (Millions) $547.8 $572.5 $0.01 of the Tax Rate Generates (Millions) $5.53 $5.71 Total Percent Properties Increased 72% 68% Total Percent Properties Decreased 14% 17% Total Percent Properties Unchanged 14% 15% Average Change for all Properties 2.45% 2.21% Average Change for Residential Properties 2.47% 2.17% Average Change for all Commercial Properties 2.16% 2.53% Average Change for Apartment Properties 1.01% 5.97% Residential/Apartment/Agricultural Percent Tax Base 83.4% 83.1% Commercial/Industrial Percent Tax Base 16.6% 16.9% Calendar Year Reporting (Actuals) 2016 2017 New Construction Calendar Year (Millions) $536.4 $459.1 New Construction Change from Previous Year +54% +14% Residential New Construction Allocation 75.6% 76.7% Commercial/Industrial New Construction Allocation 24.4% 23.3% Change in Land Value (Millions) $94.4 $58.3 Ownership Transfers & Plats Processed 15,492 15,531

[1]

FY 2019 ASSESSMENTS AS OF JANUARY 2018

District Total Assessment Change*

Centerville $5,409,175,500 3.9%

Kempsville 6,764,828,100 2.9%

Rose Hall 5,633,091,600 3.4%

Bayside 7,685,288,500 2.5%

Lynnhaven 12,841,837,100 2.8%

Beach 8,849,742,700 4.5%

Princess Anne 9,732,304,100 2.8%

Total $56,916,267,600 3.2%

*Change includes growth and appreciation.

**Assessments and % change is 12 month period, January 2017 – January 2018.

***Assessments reflect taxable land use values as opposed to fair market values on qualifying farms.

[2]

PERCENTAGE CHANGE IN JULY 1 LAND BOOK

Fiscal Year

Assessment

Change

Percent of Change

(Projected) 2019

$57,051,267,600 $1,572,356,600 2.8%

2018 $55,478,911,000 $1,672,365,400 3.1%

2017 $53,806,545,600 $1,731,067,100 3.3%

2016 $52,075,478,500 $1,543,448,000 3.0%

2015 $50,532,030,500 $1,832,966,939 3.8%

2014 $48,699,063,561 -$ 144,891,641 -0.3%

2013 $48,843,955,202 -$1,696,553,472 -3.4%

2012 $50,540,508,674 -$1,427,498,752 -2.8%

2011 $51,968,007,426 -$3,420,772,286 -6.2%

2010 $55,388,779,712 -$1,284,654,492 -2.3%

*July 1, 2018 projected.

-8%

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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[3]

PROJECTED FY 2019 REAL ESTATE ASSESSMENTS

FY 2019 Assessments as of January 2018 $56,916,627,600

Projected Growth thru July 1, 2018 + 135,000,000

Projected FY 2019 Land Book as of July 1, 2018 $57,051,267,600 Projected Partial Assessments on Quarterly New Construction + 55,000,000

Projected FY 2019 Total Assessment $57,106,267,600

PROJECTED FY 2019 REAL ESTATE TAX REVENUE

For the purpose of projecting revenue, the current FY 2018 real estate tax rate of $1.0025 per $100 of value has been applied to the assessments.

First Half Assessment 2018 Tax Rate Dec. 5, 2018 Revenue $28,525,633,800 @ $1.0025 $285,969,479

Second Half Assessment 2018 Tax Rate June 5, 2019 Revenue $28,580,633,800 @ $1.0025 = $286,520,854

Total FY 2019 Assessment

2018 Tax Rate

FY 2019 Real Estate Tax Revenue

$57,106,267,600 @ $1.0025 = $572,490,333

Each $.01 of the tax rate will generate $5,710,627 or

$5,711,000

[4]

AVERAGE APPRECIATION/DEPRECIATION

Overall Median Change Overall Mean Change

1.85% 2.21%

Residential 1.89% Residential 2.17%

Apartment 5.95% Apartment 5.97%

Commercial/Industrial 0% Commercial/Industrial 2.53%

Approximately 16.7% of Parcels Decreased

Approximately 31.5% of Parcels Decreased or Remained Unchanged

Approximately 83.6% of Parcels Had Less Than a 5% Increase

Approximately 96.8% of Parcels Had Less Than a 10% Increase

*Actual appreciation through January 2018 when FY 2019 notices are mailed.

[5]

AVERAGE APPRECIATION/DEPRECIATION

Fiscal Year Median Change Mean Change

2019 1.85% 2.21%

2018 2.18% 2.45%

2017 2.34% 2.79%

2016 1.44% 1.94%

2015 1.76% 1.93%

2014 0% -2.22%

2013 -4.87% -5.29%

2012 -2.56% -3.09%

2011 -4.84% -5.54%

2010 -3.32% -3.46%

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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Fiscal Year

Median Mean

[6]

PERCENT CHANGE OF RESIDENTIAL PROPERTY by VALUE RANGE

Value Range Median Change Mean Change

Under $150,000 3.04% 2.98%

$150,000 - $200,000 1.45% 1.85%

$200,000 - $250,000 1.87% 2.27%

$250,000 - $350,000 2.07% 2.20%

$350,000 - $500,000 1.65% 2.01%

$500,000 - $750,000 1.44% 1.88%

Over $750,000 0.15% 0.94%

*As of January 2018.

Less than $150,000

2.98%

$150,000 to $200,000

1.85%

$200,000 to $250,000

2.27%

$250,000 to $350,000

2.20%

$350,000 to $500,000

2.01%

$500,000 to $750,000

1.88%

Over $750,000 0.94%

[7]

AVERAGE RESIDENTIAL VALUES

Type

Number

Median Assessment*

Mean Assessment*

Change in Mean

Single Family 98,661 $274,300 $338,200 $7,500 2.3%

Townhouse 19,732 $146,100 $156,000 $4,000 2.6%

Low Rise Condominium 21,031 $201,200 $234,100 $4,100 1.8%

High Rise Condo/Co-op

2,842 $280,700 $297,400 $7,100 2.5%

Duplex/Home with Apartments 1,307 $320,700 $445,900 $1,500 0.3%

All Residences 143,573 $242,300 $298,300 $6,600 2.3%

*Rounded to nearest $100 In addition to residences, there are 36,041 apartment units in multi-family complexes.

DISPERSION BY HOUSING TYPE

*January 2017 to January 2018 comparison.

Single Family 69%

Townhouse 14%

Low Rise Condo 14%

High Rise Condo 2%

Duplex 1%

[8]

AVERAGE ASSESSMENT BY HOUSING TYPE

AVERAGE HOME ASSESSMENT All Residential Properties

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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$250,000

$265,000

$280,000

$295,000

$310,000

$325,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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[9]

PERCENTAGE OF HOUSING BY VALUE RANGE

14% Assessed Less Than $150,000






99% Assessed Less Than $1,000,000

*There are 2,246 homes assessed over $1,000,000.


Less than $150,000

14% $150,000 to $200,000

19%

$200,000 to $250,000

20%

$250,000 to $350,000

24%

$350,000 to $500,000

13%

$500,000 to $750,000

7%

$750,000 to $1,000,000

2%

Over $1,000,000 1%

[10]

RESIDENCES BY YEAR BUILT

Year Built Number Mean Assessment*

Prior to 1950 2,283 $481,900

1950 to 1959 9,738 $277,000

1960 to 1969 19,513 $282,900

1970 to 1979 27,826 $273,500

1980 to 1989 46,965 $245,800

1990 to 1999 17,222 $353,500

2000 to 2009 14,926 $394,700

2010 to Present 5,100 $466,200

*Rounded to nearest $100

PERCENTAGE BY YEAR BUILT


Prior to 1950 2%

1950's 7%

1960's 14%

1970's 19%

1980's 33%

1990's 12%

2000's 10%

2010 - Present 3%

[11]

FY 2019 ASSESSMENTS BY PROPERTY CLASSIFICATION (Taxable Parcels)

Classification Parcels Assessment Percent of Total

General Commercial 3,893 $5,678,973,700 10.0%

Hotel 1,080 1,200,184,500 2.1%

Office 1,066 1,682,395,900 3.0%

Industrial 1,173 891,862,500 1.6%

Apartment 936 4,057,379,000 7.1%

Residential 105,566 34,338,877,000 60.3%

Townhouses 19,732 3,097,121,500 5.4%

Condominiums 23,873 5,793,480,300 10.2%

Agriculture 621 175,993,200 0.3%

Total 157,940 $56,916,267,600 100% *Parcels reflect number of tax records as opposed to number of lots or buildings. Agriculture reflects state required coding of farms of 20 acres and over (Agriculture or

Residential zoning). Residential includes vacant lots and farms of less than 20 acres (Residential or Agriculture zoning). Commercially zoned farm land of any size is included in General Commercial. Assessments are based upon taxable land use values as opposed to fair market value for all qualifying farms.

Total Count of Taxable Parcels 157,940

Total Count of Exempt Parcels 3,768

Total Parcel Count 161,708


[12]

ASSESSMENT COMPARISON BY CLASSIFICATION

Classification 2019 Assessment

General Commercial 10.0%

Hotel 2.1% 16.7%

Office 3.0%

Industrial 1.6%

Apartment 7.1%

Residential 60.3%

Townhouse 5.4% 83.3%

Condominiums 10.2%

Agriculture 0.3%

2018 Commercial 16.7% Residential 83.3% 2017 Commercial 16.7% Residential 83.3% 2016 Commercial 16.9% Residential 83.1% 2015 Commercial 16.8% Residential 83.2% 2014 Commercial 16.6% Residential 83.4% 2013 Commercial 16.4% Residential 83.6% 2012 Commercial 15.7% Residential 84.3% 2011 Commercial 15.4% Residential 84.6% 2010 Commercial 15.0% Residential 85.0%

[13]

CHANGE IN PROPERTY VALUE BY CLASSIFICATION (January 2017 to January 2018)

Classification FY 2019 Assessment Change*

General Commercial $5,678,973,700 $129,159,200 2.3%

Hotel 1,200,184,500 106,716,200 9.8%

Office 1,682,395,900 100,219,600 6.3%

Industrial 891,862,500 17,685,700 2.0%

Apartment 4,057,379,000 346,267,800 9.3%

Residential 34,338,877,000 763,392,000 2.3%

Townhouses 3,097,121,500 104,036,000 3.5%

Condominiums 5,793,480,300 195,469,500 3.5%

Agriculture 175,993,200 2,792,400 1.6%

Total $56,916,267,600 $1,765,738,400 3.2%

*Reflects growth and appreciation.

[14]

NEW CONSTRUCTION* (January 2017 thru December 2017)

Commercial

30 General Commercial $76,993,300 2 Office 14,431,900 7 Industrial 7,427,500

23 Commercial/Industrial Additions 8,093,400

Total Commercial New Construction $106,946,100 23.3%

Residential

317 Single Family $140,023,500

32 Townhouses 11,895,500 3 Duplexes 4,204,500

227 Condominium Units 58,044,100 515 Apartments 85,045,600

1,303 Residential Additions 52,939,400

Total Residential New Construction $352,152,600 76.7% Total New Construction $459,098,700 100%

*Buildings/structures only (excludes land).

[15]

ANNUAL NEW CONSTRUCTION

2017 $459,098,700

2016 $536,348,700

2015 $348,247,100

2014 $439,851,100

2013 $336,129,500

2012 $338,677,500

2011 $225,704,212

2010 $302,865,692

2009 $366,831,498

2008 $653,804,225

*Buildings/structures only (excludes land).

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$700

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[16]

VALUE OF ANNUAL NEW CONSTRUCTION* (In Millions of Dollars)

Year Total Commercial Residential

2017 $459.1 $106.9 (23.3%) $352.2 (76.7%)

2016 $536.3 $131.1 (24.4%) $405.2 (75.6%)

2015 $348.2 $ 82.8 (23.8%) $265.4 (76.2%)

2014 $439.9 $135.3 (30.7%) $304.6 (69.3%)

2013 $336.1 $ 85.2 (25.4%) $250.9 (74.6%)

2012 $338.6 $111.0 (32.8%) $227.6 (67.2%)

2011 $225.7 $ 48.8 (21.6%) $176.9 (78.4%)

2010 $302.8 $ 68.8 (22.7%) $234.0 (77.3%)

2009 $366.8 $ 93.8 (25.6%) $273.0 (74.4%)

2008 $653.8 $220.8 (33.8%) $433.0 (66.2%) *Buildings/structures only (excludes land).

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[17]

NUMBER OF NEW HOUSING UNITS BUILT

Year Homes Duplex Units

Apartment Units

Total Housing Units

2017 576 3 515 1,094

2016 704 20 937 1,661

2015 686 24 329 1,039

2014 542 10 912 1,464

2013 661 4 702 1,367

2012 532 6 570 1,108

2011 566 4 20 590

2010 541 20 716 1,277

2009 770 10 136 916

2008 1,050 22 586 1,658

500

700

900

1,100

1,300

1,500

1,700

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

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[18]

AVERAGE ASSESSMENT ON A NEW HOME

Year Median Mean

2017 $375,500 $499,700

2016 $371,400 $468,000

2015 $390,600 $468,700

2014 $394,300 $465,500

2013 $358,500 $405,500

2012 $346,000 $436,400

2011 $360,600 $422,300

2010 $347,600 $462,500

2009 $331,700 $419,700

2008 $335,700 $465,200

*Rounded to nearest $100

$375,000

$400,000

$425,000

$450,000

$475,000

$500,000

$525,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

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[19]

PERCENTAGE BY PROPERTY VALUE RANGE

Residential Value Range Percentage of New Homes

Under $200,000 9.5%

$200,000 to $250,000 13.4%

$250,000 to $350,000 21.0%

$350,000 to $500,000 22.3%

$500,000 to $750,000 20.1%

Over $750,000 13.7%

43.9% below $350,000 56.1% above $350,000

NEW HOME CONSTRUCTION BY VALUE RANGE


Under $200,000 9.5%

$200,000 to $250,000

13.4%

$250,000 to $350,000

21.0% $350,000 to $500,000

22.3%

$500,000 to $750,000

20.1%

Over $750,000 13.7%

[20]

CHANGE IN LAND (Re-zonings and Subdivision of Property)

2017 $ 58,273,200

2016 $ 94,347,600

2015 $123,760,500

2014 $164,311,567

2013 $171,428,467

2012 $153,400,379

2011 $131,612,797

2010 $ 42,585,294

2009 $214,913,363

2008 $247,025,749

Yearly estimates projected based upon six months of actual data.

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$50

$100

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[21]

GROWTH AND APPRECIATION/DEPRECIATION (July 1 Land Book to July 1 Land Book)

Fiscal Year 2019

Growth (Projected) $ 484,539,900 0.9%

Appreciation 1,087,816,700 1.9%

Assessment Change $1,572,356,600 2.8%

*Projected 2019 Land Book compared to actual 2018 Land Book.

Fiscal Year

Growth

Appreciation/ Depreciation

Assessment Change

2018 0.9% 2.2% 3.1%

2017 0.9% 2.4% 3.3%

2016 0.9% 2.1% 3.0%

2015 0.8% 3.0% 3.8%

2014 1.1% -1.4% -0.3%

2013 0.6% -4.0% -3.4%

2012 0.7% -3.5% -2.8%

2011 0.6% -6.8% -6.2%

2010 1.0% -3.3% -2.3%

[22]

GROWTH AND APPRECIATION/DEPRECIATION

Change in Assessment

*Based on tables found on the previous page

-8%

-6%

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4%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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Fiscal Year Growth Appreciation/Depreciation

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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Fiscal Year

[23]

TAX INCREMENT FINANCING &

SPECIAL SERVICE DISTRICTS

Sandbridge District TIF & SSD

Base Year FY 1998 $206.1 Million

Preliminary FY 2019 $ 1.2 Billion

Central Business District South TIF*

Base Year FY 1999 $151.8 Million

Preliminary FY 2019 $910.1 Million

SSD

First Year FY 2003 $ 18.5 Million

Preliminary FY 2019 $464.3 Million

FY 2019 as of January 2018

*CBD South TIF includes the SSD

NEIGHBORHOOD DREDGING

SSD District FY 2019 Preliminary

Old Donation Creek $37.9 Million

Bayville Creek $15.6 Million

Shadow Lawn $18.2 Million

Chesopeian Colony $73.2 Million

Harbour Point $22.4 Million

Gills Cove $22.0 Million

Hurds Cove $49.3 Million

[24]

VIRGINIA LANDMARKS REGISTER Partial Real Estate Tax Reduction

FY 2018 Tax Reduction $71,399

Hermitage House Keeling House

Miller-Masury House/Greystone Manor Pembroke Manor

Shirley Hall Thomas Murray House

Weblin House Woodhouse House

Briarwood Green Hill House

Cavalier Hotel

*Based upon $0.5325 tax rate on historical buildings.

VIRGINIA BEACH HISTORIC REHABILITATION Partial Real Estate Tax Reduction

FY 2018 Tax Reduction $35,082

Address Credit in Effect

4300 Calverton Lane 7/1/2014 – 6/30/2029

501 Virginia Beach Boulevard 7/1/2016 – 6/30/2031 525 Kempsville Road (apartments -old Kempsville High School) 7/1/2017 – 6/30/2032

[25]

REAL ESTATE TAX EXEMPTION/DEFERRAL/FREEZE FOR SENIOR CITIZENS AND DISABLED PERSONS

Fiscal Year 2018

Number of Recipients Tax Reduction

5,813 $9,833,526

*Administered by the Commissioner of Revenue.

REAL ESTATE TAX EXEMPTION FOR 100% DISABLED VETERANS and SPOUSES OF

MEMBERS OF THE ARMED FORCES KILLED IN ACTION Fiscal Year 2018

Program Recipients Tax Reduction

1,441 $4,289,455

*Administered by the Commissioner of Revenue.

ENERGY EFFICIENT BUILDINGS Partial Real Estate Tax Reduction

FY 2018 Program Recipients Tax Reduction

Residential Properties 77 $ 77,147

Commercial Properties 16 152,018

Total 93 $229,165

*Based upon $0.8525 tax rate for qualified buildings.

[26]

INVENTORY MAINTENANCE PRODUCTIVITY (Calendar Year 2017)

Ownership Transfers 15,150

Subdivision Plats 381

Corrections 449

LAND USE TAXATION FISCAL YEAR 2018

Number of Parcels Under Program 925

Number of Acres Under Program 33,382

Number of Acres of Land in the City 158,720

Percentage of City’s Acreage Under Land Use 21%

Number of Acres in: Agriculture 18,404 Forest 9,165 Open Space 2,223 Swamp 2,268 Marsh 1,322

Total 33,382

Deferred Value $276,304,900 Deferred Tax $2,769,899

[27]

LAND USE TAXATION

Fiscal Year

Acreage Under Land Use Program

Acreage Rolled Back

Roll Back Taxes

2018 33,382 -- --

2017 33,061 76 $ 211,484

2016 32,922 77 $ 100,352

2015 33,351 241 $ 145,030

2014 34,153 115 $ 268,241

2013 34,650 132 $ 358,214

2012 34,710 22 $ 52,345

2011 35,555 13 $ 54,963

2010 34,773 99 $ 154,060

2009 34,607 65 $ 547,164

LAND USE VALUES

Fiscal Year Agriculture* Forest*

2019 $1,800 $577

2018 $1,800 $553

2017 $1,800 $566

2016 $2,120 $597

2015 $1,630 $456

2014 $1,190 $442

2013 $ 850 $455

2012 $ 480 $463

2011 $ 470 $505

2010 $ 350 $549

2009 $ 300 $550

*Based upon per acre Class III agriculture and good forest.

[28]

TAX EXEMPT PROPERTY

Federal Government 177 Parcels $5,621,439,100 State Government 194 Parcels 209,938,800 Local Government 2,274 Parcels 3,609,848,700 Regional Government 119 Parcels 125,652,500 Cemeteries & Graves 90 Parcels 2,834,600 Religious 365 Parcels 649,626,300 Educational 31 Parcels 432,050,600 Fire & Rescue Squads 7 Parcels 9,706,200 Benevolent 17 Parcels 12,111,900 Charitable 494 Parcels 537,708,400

Totals 3,768 Parcels $11,210,917,100

[29]

Cemeteries and Graves Section 58.1-3606A (3), B $ 2,834,600

Religious Section 58.1-3606A(2), B Churches $ 597,962,200 Parsonages $ 13,258,200 Armed Services of YMCA $ 819,800 Salvation Army $ 9,457,500 Union Mission, Inc. (Hope Haven) $ 4,800,400 YMCA of Tidewater, Inc. $ 23,113,600 Franciscan Sisters of St. Joseph $ 214,600 Educational Section 58.1-3606A(4), B Association for Research & Enlightment $ 14,341,800 Cape Henry Collegiate School $ 19,801,000 Catholic High School $ 16,051,600 Friends School $ 8,546,200 Gateway Christian School $ 5,755,000 Old Dominion University, Real Estate Foundation $ 22,241,400 Regent University $ 135,074,000 State Board for Community Colleges $ 106,722,200 THSB, LLC $ 159,800 UJFT Community Campus LLC $ 19,375,200 Virginia Wesleyan College $ 83,982,400 Fire and Rescue Squads Section 58.1-3610 Chesapeake Beach Volunteer Fire $ 1,172,000 Ocean Park Volunteer Fire $ 1,732,700 Princess Anne Courthouse Volunteer Fire $ 331,800 Virginia Beach Rescue Squad, Inc. $ 6,469,700

[30]

Benevolent Section 58.1-3606A(7), B 3607A(1), 3650.1-650.443 Columbian Club of Virginia Beach $ 640,500 Disabled Veterans of Virginia Beach, Chapter No. 20, Inc. $ 826,500 Elks Lodge $ 188,300 Fraternal Order of Eagles $ 943,100 Masonic Lodges $ 6,039,600 Moose Lodge $ 2,252,600 O.S.I.A. of Tidewater, Inc. (Roma Lodge) $ 610,200 General MacArthur Memorial Post $ 611,100 Charitable Section 58.1-3606A(5), A(7), A(8), B, 3607(A)1, 3608,

3611, 3613, 3614, 3618, 3650.1-3650.904

Association for Preservation of Va. Antiquities (Lynnhaven & Wishart Houses and Cape Henry Lighthouse) $ 161,500

Boys Club of Norfolk $ 3,482,700 Children’s Hospital of the Kings Daughters, Inc. $ 39,344,500 Little Theater of Virginia Beach $ 987,600 Planned Parenthood of Southeastern Virginia $ 3,527,500 Princess Anne County Historical Society (Wolfsnare Plantation) $ 594,000 Sentara Princess Anne Hospital $ 146,299,400 Sentara Virginia Beach General Hospital $ 135,511,400 Tidewater Council of Boy Scouts, etc. $ 1,086,700 Virginia Beach SPCA $ 1,669,300

[31]

EXEMPTED BY THE GENERAL ASSEMBLY WITH COUNCIL ENDORSEMENT

Al Anon Family Group Headquarters, Inc. $ 2,821,900 Baycliff Civic League, Inc. $ 603,300 Beach Health Clinic, Inc. $ 1,054,500 Beth Sholom Home of Eastern Virginia $ 6,188,700 Beth Sholom Terrace $ 13,605,500 Birdneck Point Community League $ 184,500 Biznet, Inc. $ 1,723,900 Blackwater Creeds Foundation $ 1,038,700 Branch 99 Fleet Reserve Associates, Inc. $ 547,200 CAMG-A, Inc. $ 129,000 CAMG-AA,Inc. $ 238,500 CAMG-B, Inc. $ 154,000 CAMG-C, Inc. $ 144,600 CAMG-D, Inc. $ 129,300 CAMG-E, Inc. $ 215,900 CAMG-F, Inc. $ 218,200 CAMG-H, Inc. $ 152,500 CAMG-J, Inc. $ 205,200 CAMG-O, Inc. $ 209,400 Carolanne Farm Swim Club, Inc. $ 491,400 Chesapeake Bay Foundation, Inc. $ 2,092,700 Chinese Community Associates of Hampton Roads, etc. $ 1,295,700 Club Brittany, Inc. $ 1,105,600 Community Alternatives Management Group $ 8,992,800 Cornerstone Property Ventures LLC (VBCDC) $ 5,265,900 Council of United Filipino Organizations $ 2,632,900 Diamond Springs Civic League, Inc. $ 194,000 Holland Meadows Swim & Racquet Club, Ltd. $ 286,500 Judeo Christian Outreach Center, Inc. $ 1,646,700 Kings Grant Community League, Inc. $ 739,800 Larkspur Civic League, Ltd. $ 761,300 Little Neck Swim & Racquet Club, Inc. $ 2,695,800 Marian Manor, Inc. $ 7,301,000 Nature Conservancy $ 4,337,200 North Alanton Civic League, Inc. $ 2,291,400

[32]

Our Lady of Perpetual Help $ 10,202,900 Pembroke Manor Recreation, Inc. $ 183,200 Pembroke Meadows Civic League, Inc. $ 967,500 Pine Ridge Civic League, Ltd. $ 62,600 Russell House, Inc. $ 9,195,600 Salem Woods Civic Association, Inc. $ 102,600 Samaritan House, Inc. $ 2,555,000 Southeastern Virginia Housing Corporation $ 1,118,300 Sugar Plum, Inc. $ 1,252,200 Sullivan House $ 14,809,000 Vetshouse, Inc. $ 497,900 Virginia Beach Christian Outreach Group $ 832,900 Virginia Beach Community Trust $ 249,300 Virginia Beach Community Development Corp. $ 36,820,500 Virginia Beach Ecumenical Housing $ 177,700 Zion Place, Inc. $ 6,672,300

[33]

EXEMPTED BY CITY COUNCIL

American Cancer Society, Mid etc. $ 2,599,200 Aragona-Pembroke Little League, Inc. $ 519,100 Disabled American Veterans Department of Virginia, Inc. $ 5,520,600 Equi-Kids Therapeutic Riding Programs $ 2,021,800 Fraternal Order of Police Virginia Beach $ 1,555,400 Goodwill Industries of Central Virginia $ 523,300 Hampton Roads Youth Hockey Assoc. $ 1,608,600 Heart Havens, Inc. $ 272,700 Love & Caring for Homeless, Ltd. $ 261,700 Mercy Medical Airlift $ 624,700 Onesimus Ministries of Norfolk, Inc. $ 257,400 OS HC, LLC (Operation Smile Headquarters) $ 14,223,100 St. Gregory The Great Catholic Church $ 3,416,300 United Cerebral Palsy of S & C Va. $ 443,300 Vanguard Landing, Inc. $ 1,963,100 Virginia Baptist Children’s Home & Family Services $ 581,000 Virginia Beach Airport, LLC $ 10,135,600 Virginia Beach Events Unlimited $ 855,800 Zeiders American Dream Theater $ 266,100

Documents

Real Estate Assessor’s Annual Report...The following charts, graphs and tabular data outline detailed comparisons between FY 2018 and projected FY 2019 assessments. Also shown is