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Albemarle County Newsroom
 


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Clarification on Format of Reassessment Notices Mailed Last Week
2/9/2015

As mentioned in the letter that accompanied the recent reassessment notices, a new State legislative mandate required us to change the format of the notice. We would like to provide additional clarification about that changed format beyond what was provided in the cover letter sent with your notice. The line titled “% increase to 2015” represents the percent change from previous years (either 2013 or 2014) compared to 2015, based on the current tax rate. The decimal point for the figures in that line should be moved two places to the right to show the correct percentage. For example, a figure expressed as .0227% should be converted to 2.27%. Below please find two graphics that demonstrate how to calculate the proper percentage and the tax year comparison explained above.

In accordance with Code of VIrginia 58.1-3330, you are being notified that a change is being made in the real estate assessment of the above descirbed real estate parcel effective January 1, 2015.

The circled number indicates the percentage change from 2014 to 2015 as indicated by the arrows, as stated above the decimal point for the figures in that line should be moved two places to the right to show the correct percentage.

The circled number indicated the percentage change from 2013 to 2015 as indicated by the arrows, as stated above the decimal point for the figures in that line should be moved two places to the right to show the correct percentage.


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