Real Estate
Number of Parcels - 8,251
Real Estate Tax Rate (effective July 1, 2008, through June 30, 2009) - 56¢
per $100 of assessed value.
Reassessments
- All property in the City is reassessed every two (2) years.
- The current reassessment became effective July 1, 2007.
- Notices sent to property owners in May.
- Appeals to Assessors occur in May and June.
- Appeals to the Board of Equalization can be made from July 1 through December 31, of the assessment year. Application for appeal must be made by October 15.
- Appeals after the Board of Equalization has completed its term on December 31 are made to the Judge of the Circuit Court.
- Frequently asked questions about tax assessments - May 2007
- If you would like to get more information on the re-assessments in the City of Fredericksburg, please visit the Virginia Mass Appraisal Network where you can look up re-assessment values using the property owner’s name, address, or map number.
The Real Estate Department in the Commissioner of the Revenue's Office administers the following:
- Tax Relief for the Elderly or Disabled
- Rehabilitation of qualifying residential property within the Historic District
- Rehabilitation of qualifying commercial property within the City
- Land Use
Tax Relief for the Elderly or Disabled
To be eligible for tax relief, a taxpayer must meet the following qualifications:
- The home must be the sole dwelling of the owner.
- The applicant must be age 65 or older by June 30 OR totally disabled.
- Income from ALL sources must not exceed $50,000.
- The total net worth (husband and wife) cannot exceed $200,000. (The value of the house and lot is not included in this figure.)
This is a summary only and additional qualifications may apply. For more information, an application, or further assistance, please contact the Real Estate Department at 372-1207. Or click here to download the three-page Tax Relief Form for the Elderly/Disabled.
Rehabilitation of Qualifying Property
The City of Fredericksburg has a program for partial exemption from the real estate tax increase which is the result of rehabilitation of a qualifying residential building. The building must be in the Historic District and must meet certain other criteria. Foremost among these is the requirement that an application be filed and an inspection of the property made by the Office of the Commissioner of the Revenue before any work or interior demolition begins.
Commercial buildings may also be eligible for rehabilitation exemption. They do not have to be in the Historic District but must conform to other criteria.
Applications and additional information are available in the Real Estate Department, Room 107 in City Hall, or you may call 372-1207.
Land Use
The City of Fredericksburg provides for the special valuation and assessment of real property which is devoted to agricultural, horticultural, forestry, or open space uses. Certain acreage and use requirements must be met. An application must be filed in the Office of the Commissioner of the Revenue at least sixty days preceding the tax year for which such taxation is sought. For more information and an application contact the Commissioner's Office at 372-1207.
|
