Real estate assessments in Frederick County, VA are taxed at 100% of fair market value.
Reassessments are conducted every two years.
Values for the reassessment take effect on January 1 of the year immediately following the completion of assessor field work and a County-wide sales study.
New construction and other changes to the real property are valued as completed.
Taxpayers are always notified of any value change to their property.
Real Property Improvements
New construction and improvements are taxed when substantially complete during the two-year cycle.
Comparable values are derived by the Commissioner's staff according to the last general sales study.
New subdivisions to land are taxed January 1 of the following year of the subdivision.
Appeal
In pursuing a real property assessment appeal, a taxpayer must show that the assessment is incorrect and the reasons thereof.
Options for appeal include before the following:
Commissioner of the Revenue Assessor(s)
Assessor hearings are held after Real Estate Reassessment Notices are mailed
Dates and times of hearings will be listed on the Real Estate Reassessment Notice
Hearing information is also posted in local newspaper and on COR’s reassessment information webpage (www.fcva.us/ra)
the Board of Equalization (BOE)
BOE hearings are individually scheduled after January 1 to be held in early Spring of reassessment year
BOE hearing information is also posted in local newspaper and on COR’s reassessment information webpage (www.fcva.us/ra)
the Frederick County Circuit Court
Note that attendance at a BOE hearing is required as a prerequisite to the FC Circuit Court's review of a taxpayer's filing of a real property assessment appeal with the Court [see FC Code Section 155-67]
