2014 Real Estate Tax Assessment Notices Available Online, Mailed Feb. 25
Feb. 25, 2014
- Find Your Assessment
- Understanding the Real Estate Assessment Notice
- Real Estate Assessments and Taxes
2014 assessments for Fairfax County property owners are available online and are being mailed today. As a result of the county’s strengthening economy, 88 percent of residential property in the county increased in value over the past year. The average increase in residential value across the county was 6.54 percent. The assessed value provides the basis for real estate taxes. The real estate tax rate will be set by the Board of Supervisors prior to May 1.
Several factors that affect real estate assessments:
- Sales in the neighborhood.
- Economic factors – It took an average of 36 days to sell a home in 2013, down from an average of 50 days in 2012. Almost half of these homes sold in less than 10 days.
- Improvements to the property (remodeling, additions).
- New construction.
- Property characteristics (such as size, age and amenities).
Breakdown of average home property assessments for 2014:
- Countywide average for all homes - $497,962
- Single family-detached homes - $598,711, up 5.82 percent
- Townhouse/duplex properties - $370,849, up 8.39 percent
- Condominiums - $247,943, up 10.51 percent
“During the national recession, foreclosure activity particularly impacted the townhouse and condo market, decreasing the value of property. Real estate sales in the past year were particularly good for those market segments and 2013 showed a continuing rebound in value. Our assessments are simply reflecting this trend,” explained Tim Shirocky, director of the Real Estate Division, Department of Tax Administration.
For more information about tax assessments from the Department of Tax Administration:
- Online – www.fairfaxcounty.gov/dta
Call – 703-222-8234; TTY 703-222-7594, Monday-Friday 8 a.m. to 4:30
p.m.; extended Thursday hours until 6:30 p.m.
- Taxpayers are encouraged to review their assessment notice within 30 days. If you have questions, call DTA to discuss your assessment with appraisal staff.
Information on how to appeal your real estate tax assessment:
- You may file an appeal with DTA if you think your assessment is not reasonable in comparison with similar properties or it exceeds fair market value.
- Appeal applications can be found at www.fairfaxcounty.gov/dta/real-estate-assessments.htm, or call 703-222-8234; TTY 703-222-7594 to have an application sent to you.
- Appeal applications should be filed by April 4, 2014.
- Real Estate appeals can also be filed with the Board of Equalization (BOE). Under state law, the BOE is separate from the DTA and consists of nine taxpayers appointed by the Board of Supervisors. The BOE conducts formal hearings and takes sworn testimony. By law, all appeals to the BOE must be filed and postmarked by June 2, 2014. BOE appeal forms are also available on the BOE website at www.fairfaxcounty.gov/boe, or by calling the BOE office at 703-324-4891, TTY 711.
- Property owners are encouraged to contact DTA directly concerning assessments; however, property owners may appeal directly to the BOE or to the Circuit Court of Fairfax County.