Can I use the current tax rate to estimate my tax bill?
No. Once a reassessment is completed the tax rate is automatically adjusted to offset the effects of the reassessment and ensure that the real estate tax base does not increase by more than 1% over the previous year. This rate is referred to as the effective tax rate. (Code of Virginia 58.1-3321) The Board of Supervisors can only increase the tax rate above the effective rate if they hold a public hearing.

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1. Does the Commissioner of the Revenue collect taxes?
2. Does the Commissioner of the Revenue have the authority to make law and public policy decisions?
3. Does the Commissioner's Office raise taxes?
4. My property value increased. Does that mean my tax bill will increase?
5. Can I use the current tax rate to estimate my tax bill?
6. Why am I receiving a reassessment notice?
7. What happens if the county does not assess real property at or near fair market value?