REAL ESTATE ASSESSOR S. Annual Report. Fiscal Year 2019/2020

Transcription

1 REAL ESTATE ASSESSOR S Annual Report Fiscal Year 2019/2020

2 REAL ESTATE ASSESSOR (757) FAX (757) TTY: 711 MUNICIPAL CENTER BUILDING NUMBER COURTHOUSE DRIVE VIRGINIA BEACH, VA 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

3 EXECUTIVE SUMMARY 2019 & 2020 Real Estate Assessor s Annual Reports Comparison of Pertinent Data PARCEL INVENTORY COUNTS (January 1, 2019) Jan Jan Total Count of Taxable Parcels 157, ,057 Total Count of Exempt Parcels 3,768 3,768 Total Parcel Count 161, ,825 Ownership Transfers & Plats Processed 15,531 15,004 PROJECTIONS for FY 2020 COMPARED to FY 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) 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

4 FY 2020 ASSESSMENTS AS OF JANUARY 2019 District Total Assessment Change* Centerville $5,578,195, % Kempsville 6,965,462, % Rose Hall 5,851,908, % Bayside 7,974,218, % Lynnhaven 13,183,884, % Beach 9,287,929, % Princess Anne 10,110,066, % Total $58,951,665, % *Change includes growth and appreciation. **Assessments and % change is 12 month period, January 2018 January ***Assessments reflect taxable land use values as opposed to fair market values on qualifying farms. [1]

5 PERCENTAGE CHANGE IN JULY 1 LAND BOOK Fiscal Year Assessment Change (Projected) 2020 Percent of Change $59,076,665,100 $1,839,769, % 2019 $57,236,895,600 $1,757,984, % 2018 $55,478,911,000 $1,672,365, % 2017 $53,806,545,600 $1,731,067, % 2016 $52,075,478,500 $1,543,448, % 2015 $50,532,030,500 $1,832,966, % 2014 $48,699,063,561 -$ 144,891, % 2013 $48,843,955,202 -$1,696,553, % 2012 $50,540,508,674 -$1,427,498, % 2011 $51,968,007,426 -$3,420,772, % 6% 4% Percent of Change 2% 0% -2% -4% -6% -8% Fiscal Year *July 1, 2019 projected. [2]

6 PROJECTED FY 2020 REAL ESTATE ASSESSMENTS FY 2020 Assessments as of January 2019 $58,951,665,100 Projected Growth thru July 1, ,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 $ per $100 of value has been applied to the assessments. First Half Assessment 2019 Tax Rate Dec. 5, 2019 Revenue $ = $296,121,784 Second Half Assessment 2019 Tax Rate June 5, 2020 Revenue $ = $296,703,234 Total FY 2020 Assessment 2019 Tax Rate FY 2020 Real Estate Tax Revenue $ = $592,825,018 Each $.01 of the tax rate will generate $5,913,466 or $5,913,000 [3]

7 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. [4]

8 AVERAGE APPRECIATION/DEPRECIATION Fiscal Year Median Change Mean Change % 3.10% % 2.21% % 2.45% % 2.79% % 1.94% % 1.93% % -2.22% % -5.29% % -3.09% % -5.54% 4% 2% Percent of Change 0% -2% -4% -6% -8% Fiscal Year Median Mean [5]

9 PERCENT CHANGE OF RESIDENTIAL PROPERTY by VALUE RANGE Value Range Median Change Mean Change Under $150, % 4.31% $150,000 - $200, % 3.33% $200,000 - $250, % 3.17% $250,000 - $350, % 2.57% $350,000 - $500, % 2.36% $500,000 - $750, % 2.28% Over $750, % 2.61% $350,000 to $500, % $500,000 to $750, % Over $750, % Less than $150, % $250,000 to $350, % $200,000 to $250, % $150,000 to $200, % *As of January 1, [6]

10 AVERAGE RESIDENTIAL VALUES Type Number Median Assessment* Mean Assessment* Change in Mean Single Family 98,879 $281,500 $347,500 $ 9, % Townhouse 19,756 $151,100 $162,300 $ 6, % Low Rise Condominium High Rise Condo/Co-op Duplex/Home with Apartments 21,059 $216,100 $244,200 $10, % 3,016 $280,500 $307,500 $10, % 1,296 $323,500 $458,200 $12, % All Residences 144,006 $249,500 $307,200 $18, % *Rounded to nearest $100. In addition to residences, there are 37,017 apartment units in multi-family complexes. DISPERSION BY HOUSING TYPE Low Rise Condo 14% High Rise Condo 2% Duplex 1% Townhouse 14% Single Family 69% *January 2018 to January 2019 comparison. [7]

11 AVERAGE ASSESSMENT BY HOUSING TYPE $400,000 $350,000 Assessed Value $300,000 $250,000 $200,000 $150,000 $100, Fiscal Year Hi Rise Condo Single Family Low Rise Condo Townhouse AVERAGE HOME ASSESSMENT All Residential Properties $325,000 $310,000 Assessed Value $295,000 $280,000 $265,000 $250, Fiscal Year [8]

12 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. $350,000 to $500,000 14% $500,000 to $750,000 7% $750,000 to $1,000,000 2% Over $1,000,000 2% Less than $150,000 12% $250,000 to $350,000 25% $200,000 to $250,000 20% $150,000 to $200,000 18% *As of January 1, [9]

13 RESIDENCES BY YEAR BUILT Year Built Number Mean Assessment* Prior to ,238 $498, to ,699 $282, to ,490 $289, to ,811 $280, to ,962 $252, to ,219 $361, to ,928 $405, to Present 5,659 $492,600 *Rounded to nearest $100. PERCENTAGE BY YEAR BUILT 1990's 12.0% 2000's 10.0% Present 4.0% Prior to % 1950's 7.0% 1960's 13.5% 1970's 19.0% 1980's 33.0% *As of January 1, [10]

14 FY 2020 ASSESSMENTS BY PROPERTY CLASSIFICATION (Taxable Parcels) Classification Parcels Assessment Percent of Total General Commercial 3,889 $5,900,263, % Hotel 787 1,332,367, % Office 1,062 1,735,314, % Industrial 1, ,997, % Apartment 937 4,306,416, % Residential 105,744 35,283,728, % Townhouses 19,756 3,206,355, % Condominiums 24,088 6,086,187, % Agriculture ,035, % Total 158,057 $58,951,665, % *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, [11]

15 ASSESSMENT COMPARISON BY CLASSIFICATION Classification 2020 Assessment General Commercial 10.0% Hotel 2.3% Office 2.9% 16.8% 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% [12]

16 CHANGE IN PROPERTY VALUE BY CLASSIFICATION (January 2018 to January 2019) Classification FY 2020 Assessment Change* General Commercial $5,900,263,200 $221,289, % Hotel 1,332,367, ,182, % Office 1,735,314,400 52,918, % Industrial 915,997,300 24,134, % Apartment 4,306,416, ,037, % Residential 35,283,728, ,851, % Townhouses 3,206,355, ,233, % Condominiums 6,086,187, ,706, % Agriculture 185,035,700 9,042, % Total $58,951,665,100 $2,032,397, % *Reflects growth and appreciation. [13]

17 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, Commercial/Industrial Additions 7,613,800 Total Commercial New Construction $73,996, % *includes buildouts. Residential 281 Single Family $129,027, Townhouses 10,518, Duplexes 7,534, Condominium Units 48,304, Apartments 155,790,200 1,013 Residential Additions 29,167,200 Total Residential New Construction $380,341, % Total New Construction $454,338, % *Buildings/structures only (excludes land). [14]

18 ANNUAL NEW CONSTRUCTION 2018 $454,338, $459,098, $536,348, $348, $439,851, $336,129, $338,677, $225,704, $302,865, $366,831,498 *Buildings/structures only (excludes land). $600 Assessed Value (in Millions) $500 $400 $300 $200 $ Calendar Year [15]

19 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). $600 Assessed Value (in Millions) $500 $400 $300 $200 $100 $ Calendar Year Commercial Residential [16]

20 NUMBER OF NEW HOUSING UNITS BUILT Year Homes Duplex Units Apartment Units Total Housing Units , , , , , , , , ,900 1,700 Housing Units 1,500 1,300 1, Calendar Year [17]

21 AVERAGE ASSESSMENT ON A NEW HOME Year Median Mean 2018 $411,500 $572, $375,500 $499, $371,400 $468, $390,600 $468, $394,300 $465, $358,500 $405, $346,000 $436, $360,600 $422, $347,600 $462, $331,700 $419, $335,700 $465, $378,300 $550, $398,500 $496, $320,200 $438, $262,400 $335, $247,800 $289, $207,800 $253, ** $229, ** $219, ** $200, ** $194,400 *Rounded to nearest $100. **Historic data not available. $600,000 $550,000 $500,000 Assessed Value $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150, Calendar Year Mean Median [18]

22 PERCENTAGE BY PROPERTY VALUE RANGE Residential Value Range Percentage of New Homes Under $200, % $200,000 to $250, % $250,000 to $350, % $350,000 to $500, % $500,000 to $750, % Over $750, % 32.2% below $350, % above $350,000 NEW HOME CONSTRUCTION BY VALUE RANGE Over $750, % Under $200, % $200,000 to $250, % $250,000 to $350, % $500,000 to $750, % *As of January $350,000 to $500, % [19]

23 CHANGE IN LAND (Re-zonings and Subdivision of Property) 2018 $ 69,179, $ 58,273, $ 94,347, $123,760, $164,311, $171,428, $153,400, $131,612, $ 42,585, $214,913,363 *Yearly estimates projected based upon six months of actual data. $250 Assessed Value (in Millions) $200 $150 $100 $50 $ Calendar Year [20]

24 GROWTH AND APPRECIATION/DEPRECIATION (July 1 Land Book to July 1 Land Book) Fiscal Year 2020 Growth (Projected) $ 430,655, % Appreciation 1,409,114, % Assessment Change $1,839,769, % *Projected 2020 Land Book compared to actual 2019 Land Book. Fiscal Year Growth Appreciation/ Depreciation Assessment Change % 2.2% 3.1% % 2.2% 3.1% % 2.4% 3.3% % 2.1% 3.0% % 3.0% 3.8% % -1.4% -0.3% % -4.0% -3.4% % -3.5% -2.8% % -6.8% -6.2% [21]

25 GROWTH AND APPRECIATION/DEPRECIATION 4% 2% Percent of Change 0% -2% -4% -6% -8% Fiscal Year Growth Appreciation/Depreciation Change in Assessment 6% 4% Percent of Change 2% 0% -2% -4% -6% -8% *Based on tables found on the previous page. Fiscal Year [22]

26 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 Old Donation Creek Bayville Creek Shadow Lawn Chesopeian Colony Harbour Point Gills Cove Hurds Cove FY 2020 Preliminary $38.5 Million $15.6 Million $18.6 Million $71.7 Million $22.8 Million $21.9 Million $49.9 Million [23]

27 INVENTORY MAINTENANCE PRODUCTIVITY Calendar Year Ownership Transfers 15,150 14,705 Subdivision Plats Corrections 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 $ 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/ Virginia Beach Boulevard 7/1/2016 6/30/ Kempsville Road (apartments old Kempsville High School) 7/1/2017 6/30/2032 [24]

28 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, $106, % Commercial , , % Total 93 $229, $311, % *Based upon $ tax rate for qualified buildings. **No expiration date for recipients and tax credit is transferable. Dollar Amount of Tax Reduction $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 Recipients $ Fiscal Year Dollars Recipients 0 [25]

29 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 [26]

30 Fiscal Year Acreage Under Land Use Program LAND USE TAXATION Acreage Rolled Back Roll Back Taxes , , $ 103, , $ 211, , $ 100, , $ 145, , $ 268, , $ 358, , $ 52, , $ 54, , $ 154,060 LAND USE VALUES Fiscal Year Agriculture* Forest* ,800 $ $1,800 $ $1,800 $ $1,800 $ $2,120 $ $1,630 $ $1,190 $ $ 850 $ $ 480 $ $ 470 $ $ 350 $549 *Based upon per acre Class III agriculture and good forest. [27]

31 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. [28]

32 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 [29]

33 Cemeteries and Graves Section A (3), B $ 2,834,600 Religious Section A(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 A(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 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 [30]

34 Benevolent Section A(7), B 3607A(1), 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 A(5), A(7), A(8), B, 3607(A)1, 3608, 3611, 3613, 3614, 3618, 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 [31]

35 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 [32]

36 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 [33]

37 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 [34]