NovGeo t1_j9rciu1 wrote on February 24, 2023 at 12:29 AM

Nothing and no one obligates counties or cities to charge you the maximum amount in taxes that they can legally get away with charging. Why any private citizen reflexively defends the government’s right to screw people over is beyond me. OP you are right, it’s morally bankrupt. In my opinion they should be obligated to buy your house at the value they quote it at if you would choose that over paying bloated tax increases.

-B001- t1_j9tf8om wrote on February 24, 2023 at 12:59 PM

I believe state law says that the assessment should be the estimate of the full market value of a property. https://law.lis.virginia.gov/vacode/58.1-3201/

So yea, the counties/cities are required to re-assess as the market values change.

They could lower the tax rate to compensate, but they do have to re-assess.

Ideaforabiz t1_j9t9sc1 wrote on February 24, 2023 at 12:05 PM

I agree with every single thing you said except one. The part about the county having to buy their house. I've had the same discussion with my neighbors who all feel a 25% increase is insane (let alone 80%). If you were listing your home for sale, would it be below or even at assessed value? I'd be curious to know OP and your thoughts. Because as pissed as I am about the county Fing me, I still would not sell at the assessed rate. In fact it would probably be more like 1.10 or 1.15% higher..