Local news- Press Release
Prince George County Virginia - January 2024 Property Valuations 24 January 2024 ( news )
Prince George County , state Virginia ( By Press Release office)
Jan 24,2024
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January 2024 Property Valuations
For immediate release:
January 24 , 2024
For additional information , contact:
Jackie Lipford , Public Information Officer
( 804 ) 722 - 8607
jnlipford@princegeorgecountyva . gov
January 2024 Property Valuations
Prince George , VA -
Prince George County property owners will be mailed assessment notices informing them of the January 1 , 2024 , value of their property . This value becomes the basis of real estate tax bills due in December 2024 and June 2025 .
The annual reassessment of the County’s 14 , 106 real estate parcels resulted in an overall increase in the County’s total taxable value of 3 . 76% . 43% of properties increased in value and the median increase was 7% . 54% of properties did not change in value while 3% of parcels decreased in value . Residential properties and agricultural parcels of less than 100 acres experienced an increase of slightly more than 6% , while multi - family properties saw a decrease of more than 10% . Agricultural properties spanning more than 100 acres saw an increase of over 36% . A significant number of these parcels are in the Land Use Program , resulting in a much smaller tax increase . Commercial and industrial properties experienced a decrease of 4% . This decrease is attributed to the re - coding associated with the implementation of new assessment software .
This year’s reassessment reflects the continued positive trend in Prince George County and reflects the strong real estate that has developed over the past five years . Over this period , the quantity of transfers has increased by 29% and the average residential value has increased by 73% - from $179 , 650 to $310 , 632 .
The Real Estate Assessor’s Office is a five - member team that strives to annually assess the real estate value of Prince George County fairly and equitably under the authority of the Constitution of Virginia , Code of Virginia , and Prince George County Code , and in accordance with standards of professional practice . The office is one of 64 in the United States and Canada to receive the Certificate of Excellence in Assessment Administration from the International Association of Assessing Officers .
Property owners having questions about their property value should call the Real Estate Assessor’s Office at ( 804 ) 722 - 8629 , or visit the
department’s website
. Property owners wishing to appeal their assessment have two months in which to do so . Applications can be found on the department’s website , by calling the office or visiting in person at 6602 Courts Drive , Suite 204 . The deadline for an office review is March 1 , 2024 , and the deadline for the Board of Equalization is April 1 , 2024 .
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