Albemarle County
$.74 per $100 of assessed property value
Charlottesville City
$.95 per $100 of assessed property value
Greene County
$.69 per $100 of assessed property value
Louisa County
$.62 per $100 of assessed property value
Nelson County
$.67 per $100 of assessed property value
Fluvanna County
$.54 per $100 of assessed property value
Note: your assessment does not equate fair market value.
I see there as being three different valuations –
1) Appraisal done by the bank to determine their risk level and what they are willing to lend. Appraisals are also looking, to a greater degree, at the (immediate) past.
2) Assessment that is, by code, supposed to be 100% of market value – this is, and has been, with regards to true market value, irrelevant, as it is not a up-to-date as a market analysis reflecting currentmarket value, as they are done once yearly. Up until last year, they were done, in Albemarle, every two years. Nelson does them every five, I believe.
3) Market value – as determined by a ready, willing and able buyer and seller having a “meeting of the minds.”Government’s assessment is a take on fair market value, but is less accurate, in my opinion, as it is subjected to less critical analysis and not subject to the open market.