16 percent increase in Alexandria's property value

The 2007 annual report from Alexandria's Assessor's office shows that the market value of all property within the city increased from $772 million in 2005 to nearly $895 million in 2006, a 16 percent increase.

The majority of the value, nearly 55 percent, was derived from residential and agricultural zoned property. Commercial property accounted for 32 percent of the value. New construction in 2006 contributed $41.4 million to the total, a significant increase from 2005 ($27.5 million).