Real Estate Assessor
Property Information
FREQUENTLY ASKED QUESTIONS - FAQs
- Why do we have Real Estate Assessments?
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Real estate assessments attempt to fairly distribute the necessary tax burden among all property owners based on the market value of their property. State statutes require all jurisdictions to assess real estate at market value and require jurisdictions with a population of over 30,000 to reassess at least every two years. City code requires annual assessments.
- How is my assessment value determined?
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Residential property is evaluated by comparing the resident's property to recent sale prices of similar properties that have sold near them. Variables such as age size, quality, condition, location and amenities are important factors given consideration.
- How can I calculate my Real Estate Taxes?
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The amount of tax you pay is determined by the tax rate applied to your assessed value. The tax rate is set by City council. Based on your Borough definition in the property description, if you are classified mosquito controlled (Mosq) your tax rate is currently $1.06 per $100 of assessed value. If you are in a non-mosquito control (Non-mosq) your tax rate is currently $1.04 per $100 of assessed value.
To determine the annual tax, divide your real estate assessment by 100 and multiply the answer by your tax rate. The result is your yearly tax amount.
- What should I do if I find an error in my property description?
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Notify the Real Estate Assessor's office via e-mail or call (757) 382-6235.
- When should I be notified of my new Assessment and when will it take effect?
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Property owners are notified, by mail, the first week in March, if the property value has changed since the last March notification. The values indicated will take effect the next JULY for the new tax year.
- Where can I obtain copies of deeds and plats?
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Copies of deeds and plats can be purchased from The Clerk of Courts located in the City Hall Circuit Court Building.
- Does the City have a program to assist senior citizens and disabled persons on their property taxes?
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Yes. City Council has adopted a program to assist qualifying individuals on both real estate and personal property taxes. We encourage qualifying senior citizens and disabled persons to take advantage of our tax exemption programs. To qualify, you must contact the Commissioner of Revenue Office at (757) 382-6455.
City of Chesapeake, Virginia
