What is a property tax assessment board?

A property tax assessment board is an appointed body that oversees the valuation of property in a given area, in this case, Virginia. It is comprised of knowledgeable individuals who understand the local real estate market and are knowledgeable in determining fair property values. The board is responsible for ensuring that property values, and therefore property taxes, are accurately calculated. Each Virginia county or city has its own property tax assessment board. The board works with the locality’s Real Estate Assessment Office to review property assessments and decide whether they are in agreement with the laws and regulations governing the taxation of property. The board also reviews proposals for changes in property tax rates and hears appeals from property owners who feel they have been unfairly assessed. The property tax assessment board plays an important role in Virginia’s property tax system. Fair assessments help ensure the fairness and accuracy of property taxes, making sure that all Virginia property owners pay their fair share. They are also key to keeping property taxes as low as possible, while still ensuring that the government has enough revenue to provide the necessary services.

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What is a property tax assessment board?

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