REAL ESTATE ASSESSOR’S

AAAnnual Report nnual Report nnual Report Fiscal Year 2019/2020

February 21, 2019 The Honorable Robert M. Dyer and Members of City Council Dear Mayor and Council Members: On Friday, March 1, 2019, the Real Estate Assessor’s Office will mail 155,263 assessment notices for all taxable properties included in the fiscal year (FY) 2020 reassessment to all property owners. The attached Annual Report details actual and projected data for the FY 2020 reassessment, as well as the following Executive Summary that shows pertinent data compared to last year’s projections included in the FY 2019 Annual Report. The projected FY 2020 assessment of $59,134,665,100 represents a 3.2% increase from the current year assessment, generating approximately $592,825,000 total revenue from real estate taxes. Each penny of the $1.0025/$100 tax rate will generate $5,913,000 in revenue. The following charts, graphs and tabular data outline detailed comparisons between FY 2019 and projected FY 2020 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 2019 & 2020 Real Estate Assessor’s Annual Reports

Comparison of Pertinent Data

PARCEL INVENTORY COUNTS (January 1, 2019) Jan. 2018 Jan. 2019 Total Count of Taxable Parcels 157,940 158,057 Total Count of Exempt Parcels 3,768 3,768

Total Parcel Count 161,708 161,825

Ownership Transfers & Plats Processed 15,531 15,004

PROJECTIONS for FY 2020 COMPARED to FY 2019 2019 2020

Projected Increase of Taxable Assessment 2.8% 3.2% Total Projected Taxable Assessment – Land Book (Billions) $57.1 $59.1 Total Projected Taxes Generated (Millions) $572.5 $592.8 $0.01 of the Tax Rate Generates (Millions) $5.71 $5.91 Total Percent Properties Increased 68% 80% Total Percent Properties Decreased 17% 11% Total Percent Properties Unchanged 15% 9% Average Change for all Properties 2.21% 3.1% Average Change for Residential Properties 2.17% 2.99% Average Change for all Commercial Properties 2.53% 6.37% Average Change for Apartment Properties 5.97% 4.95% Commercial/Industrial Percent Tax Base 16.7% 16.8% Residential/Apartment/Agricultural Percent Tax Base 83.3% 83.2% Average Residential Assessment (All Types) $298,300 $307,200

NEW CONSTRUCTION (2018) 2017 2018

New Construction Calendar Year (Millions) $459.1 $454.3 New Construction Change from Previous Year -14% -1.04% Median Assessment of a New Home $375,500 $411,500 Mean Assessment of a New Home $499,700 $572,100 Residential New Construction Allocation 76.7% 83.7% Commercial/Industrial New Construction Allocation 23.3% 16.3% Change in Land Value (Millions) $58.3 $69.2

[1]

FY 2020 ASSESSMENTS AS OF JANUARY 2019

District Total Assessment Change*

Centerville $5,578,195,900 3.1%

Kempsville 6,965,462,300 3.0%

Rose Hall 5,851,908,300 3.9%

Bayside 7,974,218,300 3.8%

Lynnhaven 13,183,884,900 2.7%

Beach 9,287,929,100 4.9%

Princess Anne 10,110,066,300 3.9%

Total $58,951,665,100 3.6%

*Change includes growth and appreciation.

**Assessments and % change is 12 month period, January 2018 – January 2019.

***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) 2020 $59,076,665,100 $1,839,769,500 3.2%

2019 $57,236,895,600 $1,757,984,600 3.1%

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%

*July 1, 2019 projected.

-8%

-6%

-4%

-2%

0%

2%

4%

6%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Perc

ent o

f Cha

nge

Fiscal Year

[3]

PROJECTED FY 2020 REAL ESTATE ASSESSMENTS

FY 2020 Assessments as of January 2019 $58,951,665,100

Projected Growth thru July 1, 2019 125,000,000

Projected FY 2020 Land Book as of July 1, 2019 $59,076,665,100

Projected Partial Assessments on Quarterly New Construction $58,000,000

Projected FY 2020 Total Assessment $59,134,665,100

PROJECTED FY 2020 REAL ESTATE TAX REVENUE

For the purpose of projecting revenue, the current FY 2019 real estate tax rate of $1.0025 per $100 of value has been applied to the assessments.

First Half Assessment 2019 Tax Rate Dec. 5, 2019 Revenue

$29,538,332,550 @ $1.0025 = $296,121,784

Second Half Assessment 2019 Tax Rate June 5, 2020 Revenue

$29,596,332,550 @ $1.0025 = $296,703,234

Total FY 2020 Assessment

2019 Tax Rate

FY 2020 Real Estate Tax Revenue

$59,134,665,100 @ $1.0025 = $592,825,018

Each $.01 of the tax rate will generate $5,913,466 or

$5,913,000

[4]

AVERAGE APPRECIATION/DEPRECIATION

Overall Median Change Overall Mean Change

2.55% 3.10%

Residential 2.55% Residential 2.99%

Apartment 1.67% Apartment 4.95%

Commercial/Industrial 2.82% Commercial/Industrial 6.37%

Approximately 11.2% of Parcels Decreased

Approximately 20.2% of Parcels Decreased or Remained Unchanged

Approximately 80.0% of Parcels Had Less Than a 5% Increase

Approximately 95.2% of Parcels Had Less Than a 10% Increase

*Actual appreciation through January 2019 when FY 2020 notices are mailed.

[5]

AVERAGE APPRECIATION/DEPRECIATION

Fiscal Year Median Change Mean Change

2020 2.55% 3.10%

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%

-8%

-6%

-4%

-2%

0%

2%

4%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Perc

ent o

f Cha

nge

Fiscal Year

Median Mean

[6]

PERCENT CHANGE OF RESIDENTIAL PROPERTY by VALUE RANGE

Value Range Median Change Mean Change

Under $150,000 3.66% 4.31%

$150,000 - $200,000 2.91% 3.33%

$200,000 - $250,000 2.94% 3.17%

$250,000 - $350,000 2.24% 2.57%

$350,000 - $500,000 1.87% 2.36%

$500,000 - $750,000 1.61% 2.28%

Over $750,000 1.91% 2.61%

*As of January 1, 2019.

Less than $150,000 4.31%

$150,000 to $200,000

3.33%

$200,000 to $250,000

3.17%

$250,000 to $350,000

2.57%

$350,000 to $500,000

2.36%

$500,000 to $750,000

2.28%

Over $750,000 2.61%

[7]

AVERAGE RESIDENTIAL VALUES

Type

Number

Median Assessment*

Mean Assessment*

Change in Mean

Single Family 98,879 $281,500 $347,500 $ 9,283 2.8%

Townhouse 19,756 $151,100 $162,300 $ 6,298 4.1%

Low Rise Condominium 21,059 $216,100 $244,200 $10,313 4.4%

High Rise Condo/Co-op 3,016 $280,500 $307,500 $10,135 3.4%

Duplex/Home with Apartments 1,296 $323,500 $458,200 $12,302 2.8%

All Residences 144,006 $249,500 $307,200 $18,865 3.0%

*Rounded to nearest $100. In addition to residences, there are 37,017 apartment units in multi-family complexes.

DISPERSION BY HOUSING TYPE

*January 2018 to January 2019 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

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Asse

ssed

Val

ue

Fiscal Year Hi Rise Condo Single Family Low Rise Condo Townhouse

$250,000

$265,000

$280,000

$295,000

$310,000

$325,000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Asse

ssed

Val

ue

Fiscal Year

[9]

PERCENTAGE OF HOUSING BY VALUE RANGE

12% Assessed Less Than $150,000

30% Assessed Less Than $200,000

50% Assessed Less Than $250,000

75% Assessed Less Than $350,000

89% Assessed Less Than $500,000

96% Assessed Less Than $750,000

98% Assessed Less Than $1,000,000

*There are 2,472 homes assessed over $1,000,000.

*As of January 1, 2019.

Less than $150,000 12%

$150,000 to $200,000

18% $200,000 to

$250,000 20%

$250,000 to $350,000

25%

$350,000 to $500,000

14%

$500,000 to $750,000

7%

$750,000 to $1,000,000

2%

Over $1,000,000 2%

[10]

RESIDENCES BY YEAR BUILT

Year Built Number Mean Assessment*

Prior to 1950 2,238 $498,700

1950 to 1959 9,699 $282,700

1960 to 1969 19,490 $289,000

1970 to 1979 27,811 $280,600

1980 to 1989 46,962 $252,500

1990 to 1999 17,219 $361,000

2000 to 2009 14,928 $405,800

2010 to Present 5,659 $492,600 *Rounded to nearest $100.

PERCENTAGE BY YEAR BUILT

*As of January 1, 2019.

Prior to 1950 1.5%

1950's 7.0%

1960's 13.5%

1970's 19.0%

1980's 33.0%

1990's 12.0%

2000's 10.0%

2010 - Present 4.0%

[11]

FY 2020 ASSESSMENTS BY PROPERTY CLASSIFICATION (Taxable Parcels)

Classification Parcels Assessment Percent of Total

General Commercial 3,889 $5,900,263,200 10.0%

Hotel 787 1,332,367,400 2.3%

Office 1,062 1,735,314,400 2.9%

Industrial 1,176 915,997,300 1.6%

Apartment 937 4,306,416,600 7.3%

Residential 105,744 35,283,728,100 59.9%

Townhouses 19,756 3,206,355,200 5.4%

Condominiums 24,088 6,086,187,200 10.3%

Agriculture 618 185,035,700 0.3%

Total 158,057 $58,951,665,100 100% *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 158,057

Total Count of Exempt Parcels 3,768

Total Parcel Count 161,825

*As of January 1, 2019.

[12]

ASSESSMENT COMPARISON BY CLASSIFICATION

Classification 2020 Assessment

General Commercial 10.0%

Hotel 2.3% 16.8%

Office 2.9%

Industrial 1.6%

Apartment 7.3%

Residential 59.9%

Townhouse 5.4% 83.2%

Condominium 10.3%

Agriculture 0.3%

2019 Commercial 16.7% Residential 83.3% 2018 Commercial 16.6% Residential 83.4%

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%

[13]

CHANGE IN PROPERTY VALUE BY CLASSIFICATION (January 2018 to January 2019)

Classification FY 2020 Assessment Change*

General Commercial $5,900,263,200 $221,289,500 3.9%

Hotel 1,332,367,400 132,182,900 11.0%

Office 1,735,314,400 52,918,500 3.1%

Industrial 915,997,300 24,134,800 2.7%

Apartment 4,306,416,600 249,037,600 6.1%

Residential 35,283,728,100 944,851,100 2.8%

Townhouses 3,206,355,200 109,233,700 3.5%

Condominiums 6,086,187,200 289,706,900 5.0%

Agriculture 185,035,700 9,042,500 5.1%

Total $58,951,665,100 $2,032,397,500 3.5% *Reflects growth and appreciation.

[14]

NEW CONSTRUCTION* (January 2018 thru December 2018)

Commercial

63 General Commercial* $47,529,400

9 Office* 3,397,500

1 Hotel* 9,436,600

8 Industrial* 6,019,300

26 Commercial/Industrial Additions 7,613,800

Total Commercial New Construction $73,996,600 16.3% *includes buildouts.

Residential

281 Single Family $129,027,300

30 Townhouses 10,518,600 10 Duplexes 7,534,200

179 Condominium Units 48,304,100

943 Apartments 155,790,200 1,013 Residential Additions 29,167,200

Total Residential New Construction $380,341,600 83.7%

Total New Construction $454,338,200 100%

*Buildings/structures only (excludes land).

[15]

ANNUAL NEW CONSTRUCTION

2018 $454,338,200

2017 $459,098,700

2016 $536,348,700

2015 $348,247100

2014 $439,851,100

2013 $336,129,500

2012 $338,677,500

2011 $225,704,212

2010 $302,865,692

2009 $366,831,498

*Buildings/structures only (excludes land).

$100

$200

$300

$400

$500

$600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Asse

ssed

Val

ue (i

n M

illio

ns)

Calendar Year

[16]

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

Year Total Commercial Residential

2018 $454.3 $ 74.0 (16.3%) $380.3 (83.7%)

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%) *Buildings/structures only (excludes land).

$0

$100

$200

$300

$400

$500

$600

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Asse

ssed

Val

ue (i

n M

illio

ns)

Calendar Year

Commercial Residential

[17]

NUMBER OF NEW HOUSING UNITS BUILT

Year

Homes

Duplex Units Apartment

Units Total Housing

Units

2018 490 10 943 1,443

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

500

700

900

1,100

1,300

1,500

1,700

1,900

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Hous

ing

Uni

ts

Calendar Year

[18]

AVERAGE ASSESSMENT ON A NEW HOME

Year Median Mean

2018 $411,500 $572,100 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 2007 $378,300 $550,700 2006 $398,500 $496,900 2005 $320,200 $438,000 2004 $262,400 $335,100 2003 $247,800 $289,100 2002 $207,800 $253,900 2001 ** $229,500 2000 ** $219,500 1999 ** $200,400 1998 ** $194,400

*Rounded to nearest $100. **Historic data not available.

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Asse

ssed

Val

ue

Calendar Year Mean Median

[19]

PERCENTAGE BY PROPERTY VALUE RANGE

Residential Value Range Percentage of New Homes

Under $200,000 0.6%

$200,000 to $250,000 9.4%

$250,000 to $350,000 22.2%

$350,000 to $500,000 28.3%

$500,000 to $750,000 22.0%

Over $750,000 17.5%

32.2% below $350,000 67.8% above $350,000

NEW HOME CONSTRUCTION BY VALUE RANGE

*As of January 2019.

Under $200,000 0.6%

$200,000 to $250,000

9.4%

$250,000 to $350,000

22.2%

$350,000 to $500,000

28.3%

$500,000 to $750,000

22.0%

Over $750,000 17.5%

[20]

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

2018 $ 69,179,700

2017 $ 58,273,200

2016 $ 94,347,600

2015 $123,760,500

2014 $164,311,600

2013 $171,428,467

2012 $153,400,379

2011 $131,612,797

2010 $ 42,585,294

2009 $214,913,363

*Yearly estimates projected based upon six months of actual data.

$0

$50

$100

$150

$200

$250

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Asse

ssed

Val

ue (i

n M

illio

ns)

Calendar Year

[21]

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

Fiscal Year 2020

Growth (Projected) $ 430,655,400 0.7%

Appreciation 1,409,114,100 2.5%

Assessment Change $1,839,769,500 3.2%

*Projected 2020 Land Book compared to actual 2019 Land Book.

Fiscal Year

Growth

Appreciation/ Depreciation

Assessment Change

2019 0.9% 2.2% 3.1%

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%

[22]

GROWTH AND APPRECIATION/DEPRECIATION

Change in Assessment

*Based on tables found on the previous page.

-8%

-6%

-4%

-2%

0%

2%

4%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Perc

ent o

f Cha

nge

Fiscal Year Growth Appreciation/Depreciation

-8%

-6%

-4%

-2%

0%

2%

4%

6%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Perc

ent o

f Cha

nge

Fiscal Year

[23]

TAX INCREMENT FINANCING &

SPECIAL SERVICE DISTRICTS

Sandbridge District TIF & SSD

Base Year FY 1998 $206.1 Million

Preliminary FY 2020 $1.26 Billion

Central Business District South TIF*

Base Year FY 1999 $151.8 Million

Preliminary FY 2020 $967.9 Million

SSD

First Year FY 2003 $18.5 Million

Preliminary FY 2020 $480.6 Million

FY 2020 as of January 2019

*CBD South TIF includes the SSD.

NEIGHBORHOOD DREDGING

SSD District FY 2020 Preliminary

Old Donation Creek $38.5 Million

Bayville Creek $15.6 Million

Shadow Lawn $18.6 Million

Chesopeian Colony $71.7 Million

Harbour Point $22.8 Million

Gills Cove $21.9 Million

Hurds Cove $49.9 Million

[24]

INVENTORY MAINTENANCE PRODUCTIVITY

Calendar Year 2017 2018

Ownership Transfers 15,150 14,705

Subdivision Plats 381 299

Corrections 449 658

VIRGINIA LANDMARKS REGISTER Partial Real Estate Tax Reduction

FY 2019 Tax Reduction $115,992

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 2019 Tax Reduction $35,089

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]

ENERGY EFFICIENT BUILDINGS Partial Real Estate Tax Reduction

Property Type

Program Recipients

Tax Reduction

Program Recipients

Tax Reduction

Percent of Change

FY 2018 FY 2019

Residential 77 $77,147 106 $106,821 38.46%

Commercial 16 152,018 20 204,307 34.40%

Total 93 $229,165 126 $311,128 35.77% *Based upon $0.8525 tax rate for qualified buildings.

**No expiration date for recipients and tax credit is transferable.

0

20

40

60

80

100

120

140

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

2011 2012 2013 2014 2015 2016 2017 2018 2019

Recipients Dollar Amount of

Tax Reduction

Fiscal Year

Dollars Recipients

[26]

LAND USE TAXATION FISCAL YEAR 2019

Number of Parcels Under Program 924

Number of Acres Under Program 33,003

Number of Acres of Land in the City 158,720

Percentage of City’s Acreage Under Land Use 21%

Number of Acres in: Agriculture 18,028

Forest 9,170

Open Space 2,220

Swamp 2,268

Marsh 1,317

Total 33,003

Deferred Value $271,311,400 Deferred Tax $2,719,897

[27]

LAND USE TAXATION

Fiscal Year

Acreage Under Land Use Program Acreage Rolled Back Roll Back Taxes

2019 33,003 -- --

2018 33,382 40 $ 103,353

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

LAND USE VALUES

Fiscal Year Agriculture* Forest*

2020 1,800 $622

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

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

[28]

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

Fiscal Year 2019

Number of Recipients Tax Reduction

5,754 $10,030,831

*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 2019

Program Recipients Tax Reduction

Disabled Veterans 1,738 $5,360,543

Spouses of KIA’s 13 41,482

Total 1,751 $5,402,025

*Administered by the Commissioner of Revenue.

[29]

TAX EXEMPT PROPERTY

Federal Government 178 Parcels $5,626,736,500 State Government 194 Parcels 216,753,400 Local Government 2,273 Parcels 3,744,164,100 Regional Government 120 Parcels 125,264,700 Cemeteries & Graves 90 Parcels 2,834,600 Religious 368 Parcels 679,859,900 Educational 31 Parcels 442,102,300 Fire & Rescue Squads 7 Parcels 10,383,500 Benevolent 17 Parcels 12,415,300 Charitable 490 Parcels 555,610,900

Totals 3,768 Parcels $11,416,125,200

[30]

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

Religious Section 58.1-3606A(2), B

Churches $ 624,723,500

Parsonages $ 13,278,400 Armed Services of YMCA $ 798,100

Salvation Army $ 10,236,300

Union Mission, Inc. $ 4,911,200 YMCA of Tidewater, Inc. $ 25,695,000

Franciscan Sisters of St. Joseph $ 217,400

Educational Section 58.1-3606A(4), B Association for Research & Enlightenment $ 14,426,300

Cape Henry Collegiate School $ 19,874,100 Catholic High School $ 16,183,300 Friends School $ 8,797,900

Gateway Christian School $ 5,338,500 Old Dominion University, Real Estate Foundation $ 22,727,800 Regent University $ 137,531,500

State Board for Community Colleges $ 109,914,900

THSB, LLC $ 148,100 UJFT Community Campus LLC $ 19,836,000

Virginia Wesleyan College $ 87,323,900

Fire and Rescue Squads Section 58.1-3610

Chesapeake Beach Volunteer Fire $ 1,177,000

Ocean Park Volunteer Fire $ 1,750,500 Princess Anne Courthouse Volunteer Fire $ 330,600 Virginia Beach Rescue Squad, Inc. $ 7,125,400

[31]

Benevolent Section 58.1-3606A(7), B 3607A(1), 3650.1-650.443

Columbian Club of Virginia Beach $ 687,300

Disabled American Veterans $ 825,700 Elks Lodge $ 195,200

Fraternal Order of Eagles $ 956,000

Masonic Lodges $ 6,225,500 Moose Lodge $ 2,276,400

O.S.I.A. of Tidewater, Inc. (Roma Lodge) $ 623,900

General MacArthur Memorial Post $ 625,300

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 $ 3,643,700 Children’s Hospital of the Kings Daughters, Inc. $ 40,680,300 Little Theater of Virginia Beach $ 1,232,300

Planned Parenthood of Southeastern Virginia $ 3,673,800 Princess Anne County Historical Society (Wolfsnare Plantation) $ 594,000 Sentara Princess Anne Hospital $ 151,099,700

Sentara Virginia Beach General Hospital $ 135,780,500 Tidewater Council of Boy Scouts, etc. $ 1,081,900 Virginia Beach SPCA $ 1,725,300

[32]

EXEMPTED BY THE GENERAL ASSEMBLY WITH COUNCIL ENDORSEMENT

Al Anon Family Group Headquarters, Inc. $ 2,913,900 Baycliff Civic League, Inc. $ 603,300 Beach Health Clinic, Inc. $ 1,040,000 Beth Sholom Home of Eastern Virginia $ 6,366,700 Beth Sholom Terrace $ 13,953,000 Birdneck Point Community League $ 199,200 Biznet, Inc. $ 1,754,200 Blackwater Creeds Foundation $ 1,039,400 Branch 99 Fleet Reserve Associates, Inc. $ 551,300 CAMG-A, Inc. $ 139,800 CAMG-AA,Inc. $ 244,000 CAMG-B, Inc. $ 161,000 CAMG-C, Inc. $ 145,100 CAMG-D, Inc. $ 140,100 CAMG-E, Inc. $ 222,300 CAMG-F, Inc. $ 224,600 CAMG-H, Inc. $ 155,500 CAMG-J, Inc. $ 215,000 CAMG-O, Inc. $ 213,100 Chesapeake Bay Foundation, Inc. $ 2,128,600 Chinese Community Associates of Hampton Roads, etc. $ 1,291,000 Club Brittany, Inc. $ 1,107,100 Community Alternatives Management Group $ 9,049,100 Cornerstone Property Ventures LLC (VBCDC) $ 5,478,000 Council of United Filipino Organizations $ 2,658,600 Diamond Springs Civic League, Inc. $ 194,000 Holland Meadows Swim & Racquet Club, Ltd. $ 285,400 Judeo Christian Outreach Center, Inc. $ 1,686,800 Kings Grant Community League, Inc. $ 739,200 Larkspur Civic League, Ltd. $ 766,400 Little Neck Swim & Racquet Club, Inc. $ 2,808,600 Marian Manor, Inc. $ 7,565,100 Nature Conservancy $ 4,334,500 North Alanton Civic League, Inc. $ 2,212,100 Our Lady of Perpetual Help $ 10,294,400

[33]

Pembroke Manor Recreation, Inc. $ 188,800 Pembroke Meadows Civic League, Inc. $ 657,200 Pine Ridge Civic League, Ltd. $ 62,600 Russell House, Inc. $ 9,427,000 Salem Woods Civic Association, Inc. $ 103,100 Samaritan House, Inc. $ 2,703,400 Southeastern Virginia Housing Corporation $ 1,153,600 Sugar Plum, Inc. $ 1,293,200 Sullivan House $ 15,187,600 Vetshouse, Inc. $ 487,500 Virginia Beach Christian Outreach Group $ 856,000 Virginia Beach Community Trust $ 257,200 Virginia Beach Community Development Corp. $ 38,310,200 Virginia Beach Ecumenical Housing $ 186,100 Zion Place, Inc. $ 7,041,400

[34]

EXEMPTED BY CITY COUNCIL

American Cancer Society, Mid etc. $ 2,721,700 Aragona-Pembroke Little League, Inc. $ 525,000 Disabled American Veterans Combining Chapters Thrift Stores $ 5,548,300 Equi-Kids Therapeutic Riding Programs $ 2,034,100 Fraternal Order of Police Virginia Beach $ 1,626,200 Goodwill Industries of Central Virginia $ 526,400 Hampton Roads Youth Hockey Assoc. $ 1,677,700 Heart Havens, Inc. $ 279,400 Love & Caring for Homeless, Ltd. $ 277,600 Mercy Medical Airlift $ 636,000 Onesimus Ministries of Norfolk, Inc. $ 273,800 OS HC, LLC (Operation Smile Headquarters) $ 14,758,200 St. Gregory The Great Catholic Church $ 3,429,300 United Cerebral Palsy of S & C Va. $ 427,200 Vanguard Landing, Inc. $ 2,031,100 Virginia Baptist Children’s Home & Family Services $ 594,100 Virginia Beach Airport, LLC $ 10,323,600 Virginia Beach Events Unlimited $ 900,700 Zeiders American Dream Theater $ 6,551,700