Downtown Suffolk Revitalization Plan through Arts - College of ...

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Table 13: Distribution of Land Owners
140
Number of Owners
120
100
80
60
40
20
0
Number of Owners
44 parcels
9 parcels
8 parcels
7 parcels
5 parcels
4 parcels
3 parcels
2 parcels
1 parcel
Number of Parcels
An overwhelming majority, 143 owners, of all land owners are located in Suffolk
(77%). Table 14 illustrates the number of owners by location. Twenty five owners are
located in nearby Hampton Roads communities of Norfolk, Chesapeake and Virginia
Beach (other Hampton Roads in the table below). The remaining owners are located in
other Virginia communities or out of state.
Table 14: Land Owners by location
Number of
City
Owners
Suffolk 143
Other Hampton Roads 25
Other Virginia 7
Out of State 10
Property Values
Within the study area, the total value of all land and buildings is assessed at over
22.3 billion dollars. This figure is actually higher as tax-exempt land, such as city and
religious property in the city, does not have an assessment performed. Of the 277 parcels
that are assessed, the parcels range in total value from $700 to $1,179,800. The average
total value is $80,675. Table 15 below illustrates the top ten land owners with the highest
assessed total value of all their lands in the district. Map 9 also illustrates total assessed
value within Downtown Suffolk.