Reassessment

A reassessment is a systematic review of all property in Patrick County to determine fair market value.  Patrick County is required by the Code of Virginia to reassess properties at 100 percent of market value at least every six years. A reassessment results in a new updated fair market value being established for your property. The purpose of reassessment is to ensure properties are valued fairly and equitably, reflecting current market conditions. The assessed value, along with the county’s real estate tax rate, is used to calculate your real estate tax bill. 

The process includes exterior inspections of real property by staff assessors to verify existing information about each property, confirm any changes, and take photographs/collect additional information if needed.  Please note, assessors will never enter your home and will always wear a badge to identify themselves. Questionnaires may be left for property owners requesting information about the interior of the buildings and the condition of the property, if needed. Door cards or hangers may be left to notify you that assessors have visited. 

A sales study is conducted in conjunction with an initial sales ratio study and a comprehensive sales data report. Sales information for real property sold in Patrick County is reviewed and a sales ratio analysis is performed by staff assessors to determine fair market value. All property values are examined and adjustments are made on individual properties where necessary.  This is done to achieve a fair and equitable distribution of real estate taxes based on fair market value (Ad Valorem Taxation). 

Once this process is complete, reassessment notices are mailed to all property owners reporting the new assessed values individually for both land and buildings.  Should the property owner(s) believe their assessment is incorrect, they may request an informal appeal with staff assessors.  The request must be made during the window of time noted on the reassessment notice.

If, after the informal appeal, the owner still disagrees with the assessed value, the owner may then request a formal appeal to the Board of Equalization which is an independent group of citizens appointed by the Circuit Court of Patrick County.  During the appeal process the Board of Equalization may reduce the assessed value, increase the assessed value or affirm the assessed value established during the reassessment process.  If the owner is still in disagreement with the assessed value after the appeal to the Board of Equalization, the next level of appeals is directly to the Circuit Court of Patrick County.

Patrick County hired Vision / Wampler-Eanes Appraisal Group to complete the 2027 general reassessment. Wampler-Eanes Appraisal Group, Ltd., A Vision Company, is a professional appraisal firm approved and regulated by the Virginia Department of Taxation. The company assesses properties at fair market value. They also equalize assessments, to make sure no one property owner or class of properties bears an unfair share of the real estate tax burden. 

Conducting a general reassessment of all properties in Patrick County takes one and a half years to complete. The Vision / Wampler-Eanes Group began assessing properties in July 2025. The reassessment will take effect on January 1, 2027.

Fair market value is the most probable price that a willing and knowledgeable buyer and seller will agree to, assuming the transaction is a fair and normal sale with no undue pressure upon either party (such as a foreclosure). In other words, market value is how much something is worth in the current financial market. 

The assessed value of your property and the real estate tax rate are used to determine real estate tax bills. For example: If the assessed value of your property is $100,000 and Patrick County's real estate tax rate is .73 cents for every $100 dollars of assessed value, then your tax bill for that property is $730. Any change in either the assessed value of your property or the county’s tax rate will change the amount of your tax bill, The Board of Supervisors determine the real estate tax rate in the spring during the budget process, typically in April. 

Over the past six years, homes, and other real estate locally and in other parts of the state and country have been selling for significantly higher prices. One reason for this increase is that there has been a shortage of homes for sale, also known as low inventory. When the supply of homes is lower, the demand is higher, which drives up prices for what is available. Other factors that have led to higher home prices include high labor/material costs and population shifts due to the pandemic.

You will receive your 2027 general reassessment notice in Fall 2026.

Your general reassessment notice will include information on how to appeal if you feel that your property was not assessed accurately.

An assessment appeal is not the place to lodge a complaint about taxes. An appeal is an opportunity for the taxpayer to review their property assessment to ensure market value, accuracy, and equalization to other similar properties.

After the general reassessment has concluded, there are 3 steps to appeal your reassessment. The burden of proof is on the taxpayer to provide that the assessment is incorrect or unequal in valuation to similar properties, as provided by the Code of Virginia 58.1-3379. 

Take the following steps to appeal, in this order:

1. Appeal to the Board of Assessors 
2. Appeal to the Patrick County Board of Equalization 
3. Appeal directly to the Circuit Court. If you disagree with the decision made by the BoE, the final step of appeal is to appeal directly to the Patrick County Circuit Court. 

To schedule an appeal or hearing, please contact the Reassessment Office at the number provided on your Reassessment Notice from 8:00 am and 5:00 pm, Monday through Friday. Hearing Dates are listed on the notice as well. 

Patrick County provides a real estate tax relief program for the elderly and the disabled based on income and net worth. Applications must be filed with the Commissioner of the Revenue annually by March 1^st of each tax year.

For Real Estate Tax Exemption for Veterans with 100% Service-Connected Disability, please contact the Commissioner of the Revenue's Office.

Singlewide mobile homes are taxed as personal property unless they have been converted over to real estate through a formal application process by the Clerk of the Court and Department of Motor Vehicles. Prior to conversion, anyone who owns their own land and places a manufactured home on it will receive a real estate bill for the assessed value of the land and any improvements i.e. porches, decks, paved driveways, outbuildings, etc. The land and improvements are taxed as real estate, and the manufactured home is billed separately as personal property. Doublewide mobile homes are assessed as Real Estate. 

Patrick County Real Estate Tax Statements will be due in 2 installments: the first on June 5^th and the second on December 5^th. * No notice reminder will be mailed. Please read the statement carefully: each stub states the amount due with the due date. Taxpayers may pay the annual amount in full by providing both payment stubs. Payment stub(s) are due with payment. You can pay in one of the following ways:

• In Person: Treasurer's Office located at 106 Rucker St., Stuart, VA 24171, Room 221
• By Mail: P.O. Box 668, Stuart, VA 24171. Pay by Check, Money Order, or Cashier’s Check
• Online: at www.acipayonline.com , use Jurisdiction code 6215, enter the 11-digit bill number and the amount you are paying. Note: amount owed is not automatically filled in. 
• By Phone with Credit Card: Call 1-833-398-6729. You will need Jurisdiction Code 6215 and to enter the 11-digit bill number. Credit Card payments cannot be taken over the phone at the Treasurer’s Office.
• Drop Box: located outside main doors of the Administration Building at 106 Rucker St., Stuart, VA 24171. Please put your check, cashier’s check or money order, along with payment stub(s) in a sealed envelope and include your phone number in case of any questions. Please DO NOT use cash or coins.  

*If payment due date of June 5^th or December 5^th falls on a weekend, taxes are accepted without penalty on the Monday following the due date.

A 10% penalty is added to the first half of unpaid taxes after the initial due date and a 10% penalty is added to the second half of unpaid taxes after the December due date. Interest at a rate of 10% per annum will begin to accrue on unpaid taxes and penalty 26 days after each due date. An insert is included with the tax statements explaining the real estate due dates. 

If you have not received your real estate tax notice by the middle of May, please call the Treasurer’s Office at 276-694-7257.