Why am I receiving a reassessment notice?
The Stafford County code requires the Commissioner of the Revenue to reassess property every two years. Property is to be assessed at 100% of the fair market value. (Article X Sec. 2 Constitution of Virginia)
If my property value increased or decreased, does that mean my tax bill will do the same?
No. The Board of Supervisors through the tax rate determines what your tax bill will be through the tax rate. They will set the rate in April as part of the County budget process. The purpose of this reassessment is to determine the fair market value of the property, not to increase county revenue or your tax bill.
When will the Board of Supervisors vote on the tax rate?
The Board of Supervisors will vote on a tax rate in mid-April. Board of Supervisors Calendar
What happens if the county does not assess real property at or near fair market value?
A number of state funding sources for the County are tied to the accuracy of property assessments. If assessments fall too far below market value state funding can be reduced or even withheld. The best way to ensure that property is accurately assessed is to continuously verify and correct the data we have on all properties.
Should I appeal my assessment?
If you feel your assessment does not reflect the true market value of your property or is not comparable to similar properties, you may have a case to appeal your assessment. Please do not appeal if you think your property value changed by too large a percentage, or if you do not want to pay more in taxes. In these cases an appeal is not justified.
Does the Board of Supervisors have any influence over the assessment process?
No. While the Commissioner’s office does work closely with the Board on many issues, the assessment process is completely independent of the Board of Supervisors and county staff. The reassessment is conducted by the Commissioner of the Revenue who is an independently elected official. All concerns or appeals should be made directly to the Commissioner’s Office, not to your local supervisor.
