The latest citywide real property tax assessments are now available in the
city's database, and I've culled out the Near Southeast properties and posted them in my
Assessments Archive, where you can also access previous years' numbers back to 2003. I'm not going to do a comparison of all individual properties year-to-year (you don't pay me enough!), but I will give you a quick glimpse at how the total assessed value Hood-wide has looked over the past five years:
2007: $2.05 billion
2006: $1.78 billion
2005: $894 million
2004: $772 million
2003: $640 million
If that doesn't do it for you, here's a lovely chart:
The highest assessed property? That would be the office building at
1100 New Jersey Ave., assessed at $128 million; the highest value for a single unimproved lot is (as always) the Consolidated Rail (CSX) land north of I Street, south of the Freeway (and under it, too): the 463,000 sq ft lot is assessed at just under $86 million (although keep in mind that some locations where development is pending--like, say, the
stadium--are still seen in land records as many small lots rather than a single large one).
UPDATE: Should have just done this when originally writing this post--the combined assessed value of the 63 individual lots that make up the
stadium site is (deep breath) $180 million, compared to $32.8 million in 2004. (And an additional update, the overall Hood numbers above were tweaked slightly--I guess I missed a couple lots when I first ran this, but the ratios and overall feel is still the same.)