Assessment Process

Following is an overview of the assessment and appeal processes performed by the Department of Real Estate Assessments.

• Virginia State law requires localities to conduct reassessments of all taxable real estate and to assess property at 100 percent of the fair market value.
• Fair market value is the amount for which property would be expected to sell in the open market.
• All taxable real estate in the City of Suffolk is assessed annually.

How are real estate assessments established?

• Actual sales that have occurred within a neighborhood or area are reviewed.
• Sale properties are inspected to determine the factors of the sale, which establish market value.
• Comparisons are made with similar properties in the area.
• Assessments are established using the actual sales data.

This assures that all properties are being assessed equitably. The assessment reflects market value and does not set market value.

• Assessment increases or decreases can fluctuate from area to area based on the market sales activity.
• Annual Real Estate Assessments are effective July 1st of each year.
• Real estate taxes are not determined until City Council sets the tax rate in April.
• Revenue generated provides residents of Suffolk with services such as public safety, public education and community resources, including libraries and parks.

Assessment Notice

• An Assessment Notice detailing property values for the tax year is mailed each spring.
• All properties that have a change in value or a change in ownership will receive an assessment notice.
• This notice will reflect the old assessed value and the new assessed value of the property.

Appeal Process

• Property owners who have questions regarding their assessment may contact the Assessor's Office.
• The appraiser who established the assessment will review the property information to assure accuracy and will explain how the assessment was established.
• If you still believe your property is not correctly assessed, you may request an application for appeal.
• You should collect any evidence you have to show why you believe the assessment is incorrect.
• If you disagree with the results of the office review, you have the right to appeal to the Board of Equalization. This may be done by requesting, signing and submitting an application to the Board of Equalization.
• The board is made up of property owners in Suffolk appointed by the Circuit Court.
• If you are not satisfied with the outcome of the board's decision, you have the right to appeal to the Circuit Court.

The Assessor's Office welcomes the opportunity to answer any questions and discuss your assessment with you at any time during the year.