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Laurie  Fish…, Real Estate Pro in Providence Forge, VA

Are homes in Charles City County selling higher than their county real estate tax assessed value?

Asked by Laurie Fisher, Providence Forge, VA Mon Feb 4, 2013

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In Virginia, property is supposed to be assessed at its full market value. But assessors have to put values on properties they haven't actually seen on the inside, and they don't get to spend a lot of time thinking about each property individually, so assessments can be quite different from market values. Ideally, assessors are a little conservative, and of course an annual assessment cycle will always be a bit behind changing market price trends as well. So for several reasons it is logical that market prices should ultimately be the basis for assessments, and never the other way around.
0 votes Thank Flag Link Tue May 28, 2013
She asked a very specific question and you provided a very general non-answer. Why waste everyone's time.
Flag Thu Sep 25, 2014
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