Real Estate

Field Work for 2023 Real Estate Reassessment to Begin Monday, August 16, 2021


On August 16, field visits began for Campbell County’s 2023 General Real Estate Reassessment. These are conducted every four years by state law to determine fair market value of land and properties for equitable taxing purposes.  The last general reassessment was conducted for 2019.

Campbell County has contracted with Wampler-Eanes Appraisal Group, LTD to conduct on-site visits of each property in the locality.
Reassessment field agents will have easy-to-view identification and their vehicles will be properly marked. Photographs may be taken of some properties; however, no interior inspections are necessary.
 
Appraisers will also adhere to health and safety measures if encountering any property owners during the reassessment process.

This field work will continue through 2022, with any assessment adjustments effective January 1, 2023. Those with questions may contact the Campbell County Real Estate Office at 434-332-9510.

Real Estate & Mapping Office


The office of Real Estate and Mapping is responsible for producing the Land Book each year and for keeping track of all land ownership and tax assessments for the County. The office assesses all new construction and new subdivisions each year, and maintains records of land ownership transfers. 

Real Estate and Mapping is helpful in a variety of research endeavors involving land transfers and divisions. It also helps in trying to locate specific addresses and determining ownership of property. Items and services provided by this office include:
  • Alphabetical listing of ownership of property
  • Numerical listing of ownership (by map number)
  • Tax cards on each piece of property (showing how the assessments were calculated on the land and buildings
Tax maps (maps showing a basic outline of each piece of property in the County) and aerial photographs of the entire County are maintained by the County's GIS office. 

The Real Estate and Mapping office also provides online real estate information online.

Reassessment


 State law requires that all property be assessed at 100% of fair market value and mandates equity throughout the County. Since the population of Campbell County now exceeds 50,000, the reassessment cycle will take place every 4 years. The most recent reassessment was completed in 2019. 

Reassessment FAQ's 


   
 What is the purpose of the County's Reassessment Office?
 This office is responsible for assessing the market value of all properties within Campbell County, except for properties owned by public service corporations, such as utility companies, rail companies, etc.
What is Market Value?  The most probable price that a willing and knowledgeable buyer and seller will agree upon, assuming  a fair and normal sale with no undue pressure upon either party.
 How are real estate taxes calculated?   The real estate tax rate is set by Board of Supervisors annually.  The tax rate is applied to the assessed value, per $100.
What does equalization mean?  State law requires that “uniformity” or “equality” of assessments be attained to ensure that the tax burden be distributed fairly.
What is the cost approach method to arriving at market value?   Involves estimating the cost of improvements and deducting any accrued depreciation and adding the land value.
 Why don’t all property values rise at the same rate every year? No two properties or neighborhoods are exactly alike. Factors such  as location, house type, age, condition, size, terrain, heating type, number of baths, basement finish, fireplaces, porches, garages, decks and many others must be considered. For a true comparison, Campbell County strategically places properties/parcels into specific neighborhoods. This ensures they are valued with similar properties within that respective neighborhood/region of the locality.    
 How can my value increase when I haven’t added on or renovated the building?  Though not always the case, general economic conditions will influence the value of real estate.
How often are properties appraised?   Every Four Years 
 What happens if I add or remove an outbuilding?   Appraisers will note and correct any additions or removals of outbuildings during the reassessment process. 
 When are reassessment notices mailed? Will I have a chance to ask questions or appeal?   You will receive your reassessment notice in October 2022.  If you have questions regarding your reassessment value, you may attend an informal office hearing to share your concerns. Any formal appeals are heard by the Board of Equalization and the Campbell County Circuit, per the Code of VA.