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Real Estate
Hearing set on IW real estate, meals tax increases
Isle of Wight County supervisors will hold a public hearing May 9 on a proposed 5-cent increase in the county’s real estate tax rate, ahead of a planned same-day vote on the matter. The supervisors previously held a separate hearing on April 18 concerning the county’s proposed $108.9 million fiscal year 2024-25 budget. If approved, […]
Empty nesters in Hampton Roads aren’t downsizing, and young families are losing out
Amanda Johnson’s housing story is authentically Hampton Roads. At 40, she is preparing to be a first-time homeowner. Her family has lived in military housing for most of her husband’s career. Now, with Michael Johnson two years into his retirement, they are looking for a family-sized home for themselves and their two children — one in college and another finishing high school. For Amanda ...
Part of Isle of Wight County lake for sale
A 5-7% slice of Lake Tormentor can be yours for the right price. It’s not lakefront land or a house that Isle of Wight County is selling at auction for nonpayment of real estate taxes. It’s the lake itself. According to the county’s GIS map, over 98% of the 5-acre Days Point Road parcel is […]
Isle of Wight proposing $108.9 million budget, 5-cent real estate tax increase
Isle of Wight County Administrator Randy Keaton’s proposed $108.9 million budget for the 2024-25 fiscal year calls for a 5-cent increase in the county’s real estate tax rate. County supervisors reduced the rate in 2023 from 85 cents per $100 in assessed value to the current 71-cent rate to lessen the increase homeowners would see […]
Suffolk developer buys 14 acres behind Smithfield Royal Farms
A month after Smithfield’s Town Council approved a Suffolk developer’s requested rewording of the town’s zoning ordinance, the land at the heart of the matter changed hands. According to Isle of Wight County land transfer records from March, developer Brian Mullins of Suffolk-based Quality Homes Inc. has acquired the 14 acres behind the Royal Farms […]
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