Are you a current Habitat homeowner? The following resources may be helpful to you!
Real Estate Assessments and Tax Relief
Understanding your real estate taxes is an important part of homeownership. If you’ve ever opened a property tax notice and wondered how the amount was calculated—or why it changed—you are not alone.
Real estate taxes in Virginia are primarily determined by two factors: the assessed value of your home and the tax rate established by your city or county.
Your tax bill may change over time due to market conditions, reassessments, or improvements made to the home. When property values rise, assessments may increase, which can lead to higher taxes. This may result in a change to your monthly mortgage payment as your lender adjusts for updated tax amounts or prior shortages.
Monitoring your assessment, reviewing your tax history, and budgeting for potential increases can help prevent surprises. If you believe your assessment is inaccurate, you may have the option to appeal through your local jurisdiction using comparable sales or documentation about your home’s condition.
Below you will find links to each local jurisdiction’s official resources for real estate tax relief, assessment appeals, and property assessment records. These pages allow you to look up your property details and better understand how your assessed value, land value, and improvements are calculated, along with eligibility requirements, deadlines, and step-by-step instructions for requesting tax relief or appealing your assessment if you believe it is inaccurate.
City of Richmond
Henrico County
- Henrico County Real Estate Property Search
- Tax Credit and Relief Program
- Real Estate Assessment Appeal
Chesterfield County
