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2010 Real Estate Assessments By now you should have received your new Real Estate Assessment. Some went up and some went down.
Overall the value of County Real Estate went up. Because of this increase an equalized tax rate of
71 cents was developed. This compares with the 73 cent tax rate used
in 2008 and 2009. To figure out whether your taxes were increased or
decreased by the assessment, multiply .71 times your new assessment and
compare it to .73 cents times your previous assessment.
The calculation of an equalized rate is required by state
law. It will not necessarily be the tax rate for 2010, but it is the
starting place. In addition the Commissioner of Revenue and the Board of
Equalization will review the assessments over the next few months, and the
total value of County property and the equalized rate may change.
The Board of Supervisors is now in the process of working
on the FY2010/2011 budget. We have not yet determined the new County tax
rate. At this point we do not know how much of the State expenses
the State of Virginia will cover. However, according to the Governor's
recommendations, payments to New Kent Schools alone may be cut by as much
as three million dollars.
If you find a factual error on your assessment sheet:
Call the Assessor's Office at 804-966-8573,
or
Visit the Assessor's Office at the New Kent Administration Building. You may want to call ahead to make an appointment (Office Hours are weekdays from 8 am to 4:30 pm), or Make a copy of your assessment sheet and cover letter, make the changes, and mail them to the assessor's office in the window envelope included with your assessment. If you want to appeal your assessment, the following procedure appears at http://www.co.new-kent.va.us/comrev/reassessment.php#B Informal Hearing/Review Each notice displays the dates for informal appeal should the property owner wish to discuss their assessment with an assessor. The first step in the appeal process is simply an "informal" meeting with an assessor in the Commissioner of Revenue’s office. An application form must be filled out prior to the informal meeting. You may obtain a form using one of the available methods found in the contact information below. At the informal meeting, you may speak to an assessor, review the data used in computing the assessed value, and if necessary, schedule an inspection of the property. Informal meetings will be scheduled as we process the appeal applications. Application form: http://www.co.new-kent.va.us/comrev/2010_APPLICATION_FOR_APPEAL.pdf During the informal meeting, the assessor will review your property record card with you, review any information you have gathered, and will attempt to answer your questions. The Commissioner of Revenue’s office will not commit to a change in value at this meeting; however, a decision about a value change will be analyzed and a decision will be communicated to you in writing. This informal appeal process is designed to be a collaborative exercise in better understanding the assessment in a deliberate, professional and rational manner. The efforts put forth by the citizen in maintaining this professional and rational atmosphere through concentrating on the specifics involved enables this step to proceed in a timely manner. Board of Equalization Property owners who are not satisfied with the outcome of their discussion with the Commissioner of Revenue’s office may appeal to the Board of Equalization. The Board consists of members formed from citizens nominated by the Board of Supervisors and appointed by the Circuit Court of New Kent County. Court Appeal Property owners who are not satisfied with the outcome of their discussion with the Board of Equalization may appeal to the New Kent County Circuit Court.
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