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Spotsylvania County Home : Departments : Commissioner of Revenue : Assessment
Office of Real Estate Assessments
County Code - Chapter 21 Article III
Online Assessments
Search 2010 Real Property Assessment
Monthly Transfers
2009 & 2010 Reports - Now available as .pdf for each month.
Goal
The goal of the Assessment Office is to accurately assess all real property at fair market value. Properties held by Public Service Corporations are assessed by the state.
Responsibility
The Office of Real Estate Assessments is responsible for the biennial (every two years) general reassessment of all real property; agricultural, residential, commercial, land and improvements. New updated assessments take effect on January 1 of every even numbered year, i.e. Jan 1, 2006, 2008, 2010 etc.
Purpose
The purpose of an assessment (or reassessment) is not to raise taxes, but to bring all property back in line with market value, thus ensuring a fair and equitable distribution of the burden of taxation among all property owners.
Fair Market Value
The fair market value of property is the price which it will bring when it is offered for sale by one who desires, but is not obliged, to sell it, and is bought by one who is under no necessity of having it.
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