Reassessment Basics
Why did I receive a notice in the mail?
Counties and cities in Virginia are required by the state to reassess real estate periodically. The required frequency is based on population, and localities may choose to reassess more often. When a property's assessed value changes during a reassessment, written notices are mailed to property owners. The notice explains the change and provides information about reviewing your property record, submitting information, and using the informal appeal process.
Why did my property value increase?
Property values can rise because of market trends, recent verified sales, renovations, additions, acreage changes, rezonings, and corrected property data. A reassessment updates assessed values to reflect current market conditions.
Does a higher assessment automatically mean higher taxes?
Not necessarily. The assessment is one part of the tax calculation. The final tax bill also depends on the tax rate adopted by the local governing body after it reviews the tax base, budget needs, and public concerns.
How often are reassessments conducted?
Prince George County reviews assessments annually, and assessment notices are generally mailed biennially beginning with the 2027 calendar year.
