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1. What is the tax rate per $100?

The tax rate is set and approved annually by City Council. It is currently $1.20 per $100 of real estate value.

2. How often is the ownership data updated on the Assessor's database?

The assessor obtains new transfer and new ownership information weekly from the Clerk of Circuit Court. This means the data is usually only one week behind.

3. How was my real estate value determined?

Most properties are valued using the sales comparison approach. This method compares your property to others that have sold recently. These sales must be verified by the assessor to determine that they are valid arms length transactions, which is what a willing buyer is going to give a willing seller for the property.

4. Why did the value of my home change?

The Assessor did not create the value of your home. People make value by their transactions in the market place. The assessor simply has the legal responsibility to study those transactions and appraise your property accordingly.

5. How often is property re-assessed?

The City Code of Colonial Heights has determined that the general reassessment will occur biennially (every two years on even years). The latest assessment was effective January 1, 2022.

6. If I construct a new addition to my home, will it immediately increase the value?

Values do increase between general reassessments when the homeowner builds additions, decks, garages, etc. When the Assessor gets the Closed Building Permit, he visits the property and assesses a new value and a new notice of such value is sent to the owner the month after the permit is closed.