Assessments
The purpose of real estate assessments is to fairly distribute the necessary tax burden among all property owners based on the market value of their property.
The purpose of real estate assessments is to fairly distribute the necessary tax burden among all property owners based on the market value of their property.
Real estate is assessed so that the costs associated with our schools, fire and police protection, and other City services can be allocated to property owners in proportion to the market value of their individual properties.
The following are links to Virginia State Statutes pertinent to real estate assessments: