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The Real Estate tax is a tax assessed on all real property in the County unless a legal exemption exists.

The County of Albemarle appraises real estate every year based on 100% fair market value as required by the Code of Virginia. Other states may assess at different percentages of Market Value, but generally real property taxation generates the largest local revenue source in many states, thus if 100% Fair Market Value is not the basis for assessments, localities in those states typically compensate with higher tax rates.

Annual reassessment notices are mailed by the Real Estate division by the end of January but are effective as of January 1st. For more information on real estate appraisals click here.

Each year a tax rate is proposed as part of the budget process by the Office of Management and Budget in coordination with the County Executive with input from all County departments.  The budget including a proposed tax rate is recommended to the Board of Supervisors for adoption during the budget cycle. The Board of Supervisors adopts the tax rate and the budget.  The current tax rate can be found here. 

Real estate tax bills are mailed in the Spring and Fall to the property owner with payment due to the County by June 5th and December 5th.

Request for Assessment Review

Written requests for assessment review to the County Assessor must be made by the last business day in February for any value effective January 1.  A review request on supplemental (new construction) values effective during the tax year may be submitted within fifteen days of the date of the assessment notice. Appeals to the Board of Equalization (BOE) may be made by March 29th or 30 days after the response to a review request to the assessor’s office, whichever is later.  Appeals on supplemental assessments may be made within 30 days of the date of the assessment notice.

The Board of Supervisors appoints members to the BOE, which is composed of six County residents, to review assessments and after hearing from the taxpayer and the county assessor, may decide to increase, decrease, or affirm assessed values.

Payments by Mortgage Companies

Citizens who maintain an escrow account with a mortgage company will receive a copy of their real estate tax bill. The bill should have the notation, "MORTGAGE COMPANY HAS BEEN BILLED".

If the mortgage is refinanced, the property owner must follow up with their mortgage company to ensure that the mortgage company requests the tax bill from the County.

Payment of real estate taxes by a mortgage company is a private arrangement between the property owner and his or her mortgage company. The County cannot legally intercede in this relationship. It is therefore the citizen's responsibility to ensure that the mortgage information on their account is current and correct and to follow up with his/her mortgage company to ensure that payment is made in a timely matter.

 Real Estate Tax Relief Programs

Real Estate Tax Relief For the Elderly/ Totally Disabled

Veterans' Real Estate Tax Exemption

Land Use Valuation Program 

   For Real Estate-Related Frequently Asked Questions click here