Real Estate Property Taxes

Real Estate Property Taxes are the various taxes associated with owning real estate in any particular area of the country. If you are planning to buy a new home, it's a good idea to familiarize yourself with the various ins and outs of ownership, including how to pay the necessary taxes. Residents in Virginia enjoy lower tax rates compared to the national average at 1.08%. The average effective property tax rate is 0.80%, while Charlottesville's average effective property tax rate is 0.87%.

Assessment of Property Taxes

Assessment of your property taxes is done annually by the City Assessor's Office, which determines the overall value of your home. Assessments are usually based on the exterior of the property when a representative visits the house, ensuring each home has a fair and equitable valuation not higher than its actual market value. Assessments are made effective on the 1st of January with any changes being mailed around by January 31.

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Calculating your Property Taxes

Standard property tax computation is Assessment divided by 100 x Tax Rate = Annual Property Tax. The property tax rate in the city has been lowered several times and is currently at $0.95 per $100 of assessed value.

Appealing your Assessment

If you would like to appeal the assessment of your property, you'll need to submit the necessary forms and submit them to the City Assessor’s Office located at 102 5th Street NE.

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Property Tax Deadlines and Payment Methods

There are plenty of payment methods available to property owners paying real estate taxes in the city of Charlottesville. You can check out the city's website to get up to date information on the various methods you can submit your payments.

By Mail

City of Charlottesville
Treasurer’s Office
P.O. Box 2854
Charlottesville, VA 22902-2854

At the City Hall

605 East Main Street, Charlottesville, VA

By Phone

1-866-660-5185

Penalties for Late Payments

Real Estate Property Taxes that are not paid by the deadline get a penalty of 10% of the tax due. Property Taxes that are unpaid after the first month following the deadline get a rate of 10% per annum for their interest. If you have further questions about the penalties involved with these fees, you can review the Late Payment Policy to check if you are eligible for waivers or exemptions.

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