What is the property tax rate in Fredericksburg VA?
$0.83 per $100
The real estate tax rate (effective July 1, 2021 through June 30, 2022) is $0.83 per $100 of assessed value. Real estate taxes are billed on a fiscal year cycle, July 1 through June 30. The bill for the first half of the fiscal year (July 1 through December 31) is due November 15.
What is property tax assessment?
A tax assessment determines the value of a piece of real estate. Tax assessment is usually conducted by a government assessor who uses the assessed value of a property to calculate the amount of tax due on it. Regardless of the type of home you own, you can expect to pay property taxes.
Who is the commissioner of revenue in Fredericksburg VA?
Commissioner of the Revenue
| Staff | ||
|---|---|---|
| Name | Title | Phone |
| Jacob, Lois B. | Commissioner of the Revenue | 540-372-1004 |
How do property assessments work?
An assessor determines the assessed value of a property by looking at a number of factors, among others: Any improvements, repairs or renovations that have been undertaken on the property recently. The price that comparable properties are selling for.
Who is the commissioner of revenue?
The Commissioner of the Revenue implements and administers these policies by establishing assessments and determining what is taxable. The Treasurer then collects the tax revenue. The Commissioner of the Revenue is the chief tax-assessing official of the locality.
Who will determine assessed value?
assessor
An assessor finds the assessed value of a home based on the market value, the appraised value, or a uniform percentage of the two. Municipalities and counties employ an assessor to determine the assessed value of the homes in their jurisdictions.
What is the property tax rate in Frederick County VA?
The median property tax in Frederick County, Virginia is $1,226 per year for a home worth the median value of $248,600. Frederick County collects, on average, 0.49% of a property’s assessed fair market value as property tax.
What is the property tax in Virginia?
Tax amount varies by county. The median property tax in Virginia is $1,862.00 per year for a home worth the median value of $252,600.00. Counties in Virginia collect an average of 0.74% of a property’s assesed fair market value as property tax per year.
What is a land assessment?
Land evaluation is formally defined as ‘the assessment of land performance when used for a specified purpose, involving the execution and interpretation of surveys and studies of land forms, soils, vegetation, climate and other aspects of land in order to identify and make a comparison of promising kinds of land use in terms applicable to the
What is property assessment?
Property assessment is a process in which a piece of real estate is inspected to determine its value for the purpose of taxation.