Real Estate Taxes

 

The Code of Virginia, 1950, as amended, provides for the assessment and collection of real estate taxes based on fair market value established by the governing body each year.  Tax bills are mailed annually to the property owner on record as of January 1 of the taxable year.  Payment is due by October 31st, of each year.  A one time late penalty of 10% is added November 1st.  and interest at 10% per year (applied monthly).   

 

It is the responsibility of the owner of property to make sure they receive a tax statement each year.  If there is a change of ownership, billing address or any changes pertaining to your taxes please notify the Commissioner of the Revenue or the Treasurers Office. Mortgage Company request will be sent to them, otherwise the taxpayer has the responsibility to forward the bill.

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Tax rates are as follows:

 

Real Property                          $.74 per $100 of assessed value

Personal Property                   $1.95 per $100 of assessed value

Machinery & Tools                  $2.00 per $100 of assessed value

Merchants Capital                   $1.41 per $100 of assessed value

 

License Fees:

Cars                           $35.00
Trucks                        $40.75
Motorcycles               $28.75

Mopeds                      $20.25

Trailers:
0 – 1,500 lbs.           $18.00
1,500 – 4,000 lbs.    $25.00
4,001 or more          $35.00

 

Real Estate is reassessed every 6 years.  The next reassessment will be effective for 2025 tax year.  The tax rate is set by the Board of Supervisors at the end of each fiscal year, ending June 30th.  

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