May 17, 2024
Property

Alexandria’s commercial property values dropped 12% this year

Alexandria City Hall (staff Photo by Jay Westcott) Alexandria experienced a 12.4%, or $736 million, drop in commercial property values this year, according to the city’s Office of Real Estate Assessments, and it could mean a reduction in city services. Alexandria’s real estate tax base grew by just .33% this year, about $200 million, for

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