Frequently Asked Questions
Below you will find information that might help you understand how to find things or learn about information you might need to know about your city or town.
Real Estate Assessments
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Real Estate Assessments
There are several appeal options available for taxpayers who feel that their opinion of the value of their property differs from the assessor's value. The burden of proof is on the taxpayer to show that the property is valued above fair market value. Contact the assessor to first review the factual data that the assessor has recorded for the property. Property information is available for public inspection in the Commissioner's office. Appeal applications can be downloaded for Commercial, Residential, or Vacant properties. For assistance, contact the assessors at 276-403-5136.
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Real Estate Assessments
Many economic factors such as interest rates, inflation rates, housing supply and demand, and tax law changes can affect the housing market and fair market value. Activity within the housing market will drive property value. If homes similar to yours sell for higher prices, your home would bring a higher price if you offered it for sale on the open market. As property values change in the marketplace, those changes must be reflected in the locality's assessment books.
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Real Estate Assessments
Regular maintenance helps retain the value of your property, but generally does not increase the value of your property. However, if a combination of several of the following repairs or replacements are done at one time, the assessed value may increase:
- Exterior painting
- Gutter or downspout replacement
- Roof repair or replacement
- Window replacement
- Furnace replacement
- Porch or step repair
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Real Estate Assessments
Typically, improvements that increase the market value of your property will increase the assessed value. Examples of these include:
- Adding rooms or garages
- Adding central air conditioning
- Extensive remodeling of kitchens and bathrooms
- Replacing old siding with aluminum or vinyl siding