Commissioner-of-the-Revenue

2023 Reassessment Completed

The reassessed property values will go into effect Jan. 1, 2023, and will remain in effect for four years until the next reassessment.

The 2023 Reassessment notices have been mailed.  To view your values and the values of other properties in Montgomery County, visit https://reassessment.montva.com The reassessment books will also be available in the Commissioner of the Revenues office, the Circuit Court Clerk’s office, the Blacksburg library, the Christiansburg Library, and the Meadowbrook library in Shawsville.

2023 Reassessment Appeals

The deadline to file an informal appeal was Friday, December 16, 2022.

Residents who filed an informal appeal will be notified of the outcome by mid-January via mail.

Board of Equalization

Beginning Monday, January 9, 2023, to request an appeal hearing before the Board of Equalization call 540-394-3126 between 9 a.m. and 5 p.m., Monday – Friday.  The deadline to request an appeal before the BOE is February 10, 2023. Appointments will be scheduled at 15-minute intervals. Download a PDF file of the full notice and list of hearing dates.  

The County is required by the Code of Virginia to reassess properties at 100 percent of market value at least every four years. The reassessed value and the real estate tax rate are used to determine real estate tax bills. Property owners will receive notices of the new assessed values in the of fall 2022. The reassessed property values will go into effect Jan. 1, 2023, and will remain in effect until the 2027 reassessment.

 

2023 General Reassessment of Real Estate

Reassessment is the process of determining the value of property or land for tax purposes. Reassessments are required by law to insure that each property is valued fairly. The purpose of property tax reassessment is to realign the values of real property that are determined with values of other kinds of property that are assessed annually, such as personal property, utilities and mobile homes.

As required by the Code of Virginia, Montgomery County is required to reassess all real property at least every four years at fair market value. Property taxes are calculated using the assessed value and the tax rate. The 2023 reassessment results will go into effect on Jan. 1, 2023.

A reassessment will result in a new value being established for your property. This new value will replace the value currently on your property and will be the basis used for taxing property. Please remember that an increase or decrease in property value does not automatically mean an increase or decrease in your property taxes.

The County is divided into smaller neighborhoods for market comparison. Each property is visited by a field inspector who verifies data and collects additional data. The field review is done with the homeowner if they are at home. Typically, the inspector will not enter into a dwelling. The work of field inspectors is reviewed by field supervisors, who often will not need to leave their vehicle to talk to the property owner unless there is a question. Data collection is entered into the mass appraisal system and accuracy validated. Neighborhood sales, land values, yearly appreciation trends and other data are analyzed throughout the process.

After reassessment is completed, property owners are notified. Property owners who disagree with the reassessment results are given an opportunity to two levels of appeals. The first level is the informal hearings conducted by the assessors who have conducted the general reassessment.  The second level is to appeal to a Board of Equalization appointed by the Circuit Court from recommendations made by the County.

Montgomery County's 2023 general reassessment was conducted by Wampler-Eanes Appraisal Group of Daleville.

The most frequent cause of change in value results from a change in the market. When market value changes, so do assessed values. A property's value can also change for other reasons, such as additions, garages, remodeling or damage or destruction.

 


Contact
Assessment Office
16 N. Franklin St. (back entrance)
Christiansburg, VA 24073

 

Phone: (540) 394-3126

Mailing Address
Reassessment Office
P.O. Box 6064
Christiansburg, VA 24068

Hours: Mon.-Fri.,
9 a.m. to 5 p.m.