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Hattip Contrarian -- Loudoun assessments dropped last year:
"“You can’t compare what happened in a townhouse to a single-family detached,” he said.
The Sterling district, which has been hit particularly hard by foreclosures, saw a decline in residential property value of about 30 percent, whereas the Blue Ridge District on the western end of the county saw a decline of about 13 percent. Condos in Sterling lost nearly half their value on average, dropping from a total assessed value of about $440 million last year to just under $250 million this year.
“Property owners are affected in drastically different ways,” said Lori Waters, R-Broad Run".