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Henrico home value decline slows

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Posted: Tuesday, January 29, 2013 10:47 am | Updated: 12:01 am, Wed Jan 30, 2013.

Henrico County’s real-estate tax base has ticked up slightly, but residential property values are still declining, according to new assessment numbers from county officials.

Reassessments for 2013 led to a 2.2 percent reduction in the residential tax base, or about $480 million. The average assessment for single-family homes went down by about 1.8 percent, from $215,600 last year to $211,700 this year.

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