Reassessment is the process of determining the value of property or land for tax purposes. Reassessments are required by law to ensure 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.
Per the Code of Virginia, Dinwiddie County is required to reassess all real property at least every six years, at fair market value. Property taxes are calculated using the assessed value and the tax rate. The 2019 reassessment results went into effect on Jan. 1, 2019.
A reassessment will result in a new value being established for your property. This updated assessment will replace the value currently on your property and will be the amount on which your property is taxed. Please remember an increase or decrease in property value does not automatically indicate an increase or decrease in your property taxes. The Dinwiddie County Board of Supervisors determines tax rates as part of the development of the annual budget.
The County was divided into smaller neighborhoods for market comparison. Each property was visited by a field inspector who verified property data and collected additional information. The field review was conducted with the homeowner if they were at home at the time. The work of field inspectors was reviewed by field supervisors. Data collected were entered into the mass appraisal system and accuracy was validated. Neighborhood sales, land values, yearly appreciation trends, and other data were analyzed throughout the process.
Dinwiddie County's 2019 reassessment was conducted by Wampler-Eanes Appraisal Group of Daleville, Va.
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.
Reassessment notices were mailed to property owners on Monday, October 22, 2018. Property owners who disagree with the reassessment results have the opportunity for three levels of appeals. The first is the informal hearing conducted by the assessors who conducted the general assessment. The second level is to appeal to a Board of Equalization, which was appointed by the Circuit Court based on recommendations made by the Board of Supervisors. The third level of appeal is to the Dinwiddie County Circuit Court.