Reassessment

2020 BOARD OF EQUALIZATION APPEALS 

The deadline for BOE appeals was 4-15-2021.  The city is no longer accepting BOE appeals.    .

2020 REASSESSMENT INFORMATION: 

  1. 2020 REASSESSMENT NOTICES WILL BE MAILED NOVEMBER 1ST, 2020.  REASSESSMENT VALUES TAKE EFFECT JANUARY 1, 2021.
  2. LINK FOR 2020 REASSESSMENT FREQUESTLY ASKED QUESTIONS: CLICK HERE FOR FAQS
  3. LINK FOR FREDERICKSBURG PROPERTY SALES DATA:  CLICK HERE FOR SALES DATA

In accordance with the Code of Virginia, the City of Fredericksburg is undergoing a general reassessment of all real property, in which each property is assessed at 100% of the estimated fair market.  The last City-wide reassessment was effective July 1, 2016. 

The generally accepted definition of market value is the most probable price a property will bring when it is offered for sale by one who desires, but is not obliged, to sell it, and bought by one who is under no necessity of having it. The primary goal of the reassessment process is to assess properties at 100% of market value and in doing so assure that assessments are uniformly applied so that the real estate tax levy is equitable among all property owners according to the value of their property.

Real estate assessments may increase or decrease due to a variety of reasons including changes in economic conditions, structural changes, land divisions, and re-zonings.

  • The real estate tax is based on the July 1 assessed value and a real estate tax rate is determined annually by the City of Fredericksburg City Council.
  • Many homeowners pay City of Fredericksburg real estate tax as part of their monthly mortgage payment. Their mortgage company then sends the homeowner’s tax payment directly to the City Treasurer’s Office.
  • Homeowners whose monthly mortgage payments do not include escrow for real estate taxes, and those who no longer have a mortgage, pay their real estate taxes directly to the City. City real estate taxes are billed on the fiscal year beginning July 1 and ending June 30. They are billed in two equal installments due November 15 and May 15.
  • Some elderly and/or permanently disabled homeowners may be eligible for tax relief. See the Commissioner of the Revenue page for details or call the Commissioner’s office at 540-372-1207.