Reassessment

On January 10, 2024, Botetourt County hosted an educational meeting for local media in partnership with the Wampler-Eanes Appraisal Group to explain and answer questions about the 2024 assessment. The presentation was recorded to be shared with the community. 

Notices for the 2024 general reassessment arrived in mailboxes in early 2024. It’s important to note that reassessment notices are NOT tax bills and that Botetourt County real estate taxes have NOT increased. The current tax rate is .79 cents per $100 of assessed values. 

Botetourt County’s last assessment was in 2020. Virginia law requires localities to update or reassess real estate property values regularly. The county contracts Wampler-Eanes Appraisal Group to perform a reassessment of property in the county. When receiving their 2024 reassessments, some residents will notice that their homes/properties are assessed at a significantly higher value than they were from the last reassessment, while some residents won’t see any changes.

During the presentation, Gary Eanes from Wampler-Eanes Appraisal Group covered what reassessment is and how it works in Botetourt County. He also delved into specific examples of home sales in our area over the past year. 

Appeals to the Reassessment Office

To review your values, a Reassessment Book will be available in the Commissioner of the Revenue's Office and the Clerk's Office. You may appeal your assessment in writing or through email. 

APPEALS WILL ONLY BE ACCEPTED THROUGH EMAIL OR MAIL.

You can file your appeal immediately. Your appeal must be received no later than 5 pm on Monday, March 4, 2024.

Please make sure to include your "map number" as shown at the top of your notice. In case the assessor needs to contact you, please also include a daytime phone number where you can be reached to discuss your appeal. In your appeal, you may include a letter, an appraisal, a picture, or any other information that you would like the assessor to review. You will be notified within 4-6 weeks of the conclusion of the outcome of any appeal. Values may be raised, lowered, or remain unchanged as a result of appeals. The goal is to maintain accuracy and consistency and to reflect current real estate market conditions. 

Submit your appeal to:

Botetourt County Reassessment Office     |     P.O. Box 685  Daleville, VA 24083     |   (540)986-5352

Email: [email protected]

What is Reassessment?

Virginia law requires localities to update (or reassess) real estate property values within their boundaries regularly. The purpose is to ensure real estate values used for tax purposes reflect market values as they change over time. Standard assessment cycles for a locality the size of Botetourt County is every four years unless the Board of Supervisors votes to change it. This is a statutory law. It is also law that the assessments reflect market value and that they are not just "made up" numbers. 

The county's last assessment was in 2020. The county contracts Wampler-Eanes Appraisal Group to perform a reassessment of property in the county.  Wampler-Eanes Appraisal Group is a Virginia-owned company that provides mass appraisal services to localities that do not have the staff or resources to conduct a general reassessment. By the end of 2023, Wampler-Eanes Appraisal Group will have completed 153 reassessments for 55 different localities across Virginia and North Carolina totaling 2,600,000+ properties.

It's important to note that assessed values are expected to rise significantly based on real estate price increases over the past four years. This does not mean that every land, house, and business owner will see a large increase, however, it is anticipated that, on average, county property owners will see increases in their properties' assessed values when they receive notices in the mail in early 2024.

Our Board of Supervisors will be utilizing the data from Wampler Eanes in conjunction with the budget development to set a tax rate that will provide as much relief as possible to the taxpayer.

It's important to note four things:

  1. Reassessment notices are NOT tax bills. The notices give the new assessed value for your home/property.
  2. Real estate taxes have NOT increased. The current tax rate of .79 cents per $100 of assessed value. No taxation changes will take place until the County budget process is completed and the amount of tax relief is calculated.
  3. Botetourt County, nor the Board of Supervisors do not determine assessment values. This is done by a third party (Wampler-Eanes Appraisal Group).
  4. Over the next few months, the Board of Supervisors will be analyzing current and future financial information, reviewing the County budget, and how the reassessment impacts the County finances compared to the tax rate.
  1. Why such a sharp increase in my property value?
  2. What does my real estate tax revenue fund?

As expected, real estate values have skyrocketed across the country and also right here in Botetourt County. Why are we seeing such a sharp increase? 

  • Real estate assessed values within the County have not been updated since 2019 (for the 2020 reassessment)
  • Nationwide housing shortage
  • Labor shortages
  • Supply chain shortages
  • General economic inflation
  • The county is still reeling from the residuals of the COVID-19 pandemic. The last assessment was done in 2020 before and during the pandemic.

This graphic shows real estate sales for properties located in Botetourt County that sold both pre-pandemic (2019 & 2020) and again in 2023. 


graphic of BOCO magisterial districts with home sales