|Prince Edward County Reassessment Office|
|Prince Edward County Courthouse|
|111 South Street, Ground Floor|
|P. O. Box 446|
|Farmville, VA 23901|
|Phone: (434) 392-5167|
Every six years, a general real estate reassessment must be conducted in accordance with Section 58.1-3252 of the Code of Virginia. These assessments are effective for six years unless a change is made such as boundary adjustment, division of property, change in zoning, court orders, and new construction.
The County has contracted with Wampler-Eanes Appraisal Group, an experienced, professional appraisal firm, to reassess every parcel in the county at its fair market value.
The Board of Equalization:
The Board of Equalization (BOE) is appointed by the Circuit Court of Prince Edwrad County after the completion of a reassessment. Members, made up of Prince Edward County residents, are broadly representative of the community with a majority being freeholders, and at least 30 percent being current or former professionals in the real estate, construction, financial, or legal fields.
In accordance with Chapter Nineteen of Title 58.1 of the Code of Virginia, the BOE is tasked with the following:
- To hear or receive complaints concerning the fair market value or uniformity of real estate assessments from any taxpayer or his agent;
- To correct any errors or omissions;
- To correct any known duplication or omissions in the assessment roll;
- To make public advertisement of its meetings and keep minutes of such meetings.
In all cases brought before the BOE, the valuation determined by the assessors is presumed to be correct. The taxpayer bears the burden of proving that the property is valued at more than its fair market value, that the assessment is not uniform in its application, or that the assessment is otherwise not equalized.
• Field work for Real Estate data collection begins in August.
• Reassessment Notices will be mailed in the fall.
• Informal Hearings with Reassessment firm held in December.
• Hearing results mailed in late December.
• Reassessment complete.
• Final Reassessment values effective January 1, 2015.
• Court appoints the Board of Equalization (BOE) in January.
• BOE holds formal hearings starting mid- to late January.
• Board of Supervisors sets tax rates in April.