Real Estate Assessment

The Real Estate Assessment Office determines the value of all property located within the City of Falls Church at full and fair market value as of January 1 of each year. This is done in accordance with Virginia Code to distribute taxes equitably among all taxpayers, at a real estate tax rate set by City Council each year to help fund the annual budget.

2019 Assessments


The total taxable assessed value for all properties in the city, as of January 1, 2019, is $4,283,488,712 ($4.28 billion), a 3.35 percent increase from January 1, 2018. New construction (valued at $44.75 million) accounts for 31.7 percent of the increase in assessed value in the City, and market appreciation accounts for the remainder. City assessments will be mailed to property owners in late February. Updated assessment information will be posted on the City website by Tuesday, February 19.

Changes Compared to Previous Year

  • Residential new construction accounted for $38.1 million of growth;
  • Commercial new construction account for $6.5 million of growth;
  • Overall commercial property values increased 4.3 percent;
  • Overall residential real estate values increased 2.93 percent;
  • Single family home and townhomes had varying changes but overall were up 2.87 percent and 1.02 percent respectively;
  • Residential condominiums had varying changes but overall increased 4.91 percent.
As set forth in the Virginia Constitution, real estate is assessed at 100 percent of fair market value. The City's Office of Real Estate Assessment calculates property value annually using mass appraisal techniques that are standard in the real estate assessment industry.

Procedure


Notices of Reassessment are mailed during the first quarter of the year. Property owners may make inquiries or appeal their annual assessment to the Assessor at any time during the tax year if the assessment:
  • Does not reflect current market value
  • Is not uniform with similar properties
  • Is based on inaccurate property details
Appeals for only the current year may be made to the Board of Equalization (BOE).

Taxpayers are encouraged to request formal reconsideration of their assessment by the City Assessor prior to filing an appeal with the BOE; however, appeals may be made directly to the BOE or the Circuit Court in Arlington County.

Records


The office collects and maintains a history of all land parcels in the city with computerized current information specific to each parcel that includes:
  • Deed and plat references
  • Ownership history
  • Ownership
  • Specific house characteristic information
This information is widely used by realtors, attorneys, title search personnel, prospective home buyers, sellers, private appraisers, and surveyors. It is also used to produce an assessment land book each year.

2019 Important Dates & Deadlines

  • January 1: Effective Date of Annual Assessments
  • March 29: Appeal to Assessor Deadline
  • April 22: City Council Sets Real Estate Tax Rate
  • May 31: Deadline for Filing 2019 Income and Expense Surveys
  • June 7: Appeal to Board of Equalization (BOE) Deadline
  • June 5: Second Half of FY 2019 Real Estate Taxes Due
  • September: BOE Hearings Begin
  • December 5: First Half of FY 2020 Real Estate Taxes Due