Real Estate Tax

Real Estate Tax

The Commissioner of the Revenue's Office fairly and equitably assesses the real estate in the County and provides accurate property information under the authority of the Constitution of VirginiaCode of Virginia, and in accordance with standards of professional practice.

The guiding values of the Commissioner of the Revenue's Office are equalization, accuracy and efficiency: These values guide all valuation activities, the maintenance and distribution of information, as well as general administrative and technical functions.

New Construction is assessed annually per the state code of Virginia and the information received from the Building Official's Office through building permits. 

Wade Marion and Bill Furrow assess new construction.

§ 58.1-3280. Assessment of values.

Every assessor or appraiser so designated under this chapter shall, as soon as practicable after being so designated, proceed to ascertain and assess the fair market value of all lands and lots assessable by them, with the improvements and buildings thereon. They shall make a physical examination thereof if required by the taxpayer, and in all other cases where they deem it advisable.

§ 58.1-3291. Valuation of repairs, additions and new buildings.

Any building and enclosure which may have been increased in value to $500 or upwards, by repairs or additions thereto, shall be assessed in the same manner as if they were new.
New buildings shall be assessed, whether entirely finished or not, at their actual value at the time of assessment.

In accordance with Section 207 of Title 58.1 of the Code of Virginia, the Virginia Department of Taxation conducts an annual real estate assessment/sales ratio study covering every city and county in the Commonwealth. These reports summarize the results of the studies.

Virginia Department of Taxation Sales Ratio Study