The next regular meeting of the Board will be on Thursday, at 6:00pm.
The following information is from Don Robertson with Isle of Wight County: Heishman says to fellow homeowners, “If you think you’ve been improperly assessed, you can have a local real estate agent do an initial assessment, and if there’s a huge discrepancy between what we think we can sell your house for and what your city or county thinks it’s worth, I would say the next step would be to hire an independent appraiser.” “I think whoever the company is that was hired by the county and whatever their methods may be-are fatally flawed.” “There’s no way in 18 months, my house could be valued at that amount,” Mook stated. He said they just built their house in 2021. Mook who looked his assessment up online. But if you’re seeing tax-assessed values that have gone up 89% and home values in all of Isle of Wight County have gone up 31% in four years, there’s a big differential there.” “Historically, in my experience, we tend to see assessments slightly less than list and sales prices. She’s concerned about what it could do to home sales. Realtor and Smithfield resident Heather Heishman, of Verity Group at Keller Williams Realty said, “That’s the biggest concern-if people are paying taxes on something, hundreds of thousands of dollars more than what we can sell their house for, are they being taxed fairly or is this an over-correction?” We need new schools to accommodate these, but this doesn’t seem like the fair way to come up with those funds.” “They’re decreasing the tax rate slightly but, you know, when you’re coming in $220,000 over the market value of a home,” said resident Shannon Bennett, “the 10 cents per 100 they’re saving us just doesn’t make sense.”īennett added, “I don’t know what they’re trying to accomplish. The rate is currently 85 cents per $100 value. The Board is currently discussing a rate of 73 cents per $100 value.” In a statement to News 3, he wrote, “The Board will likely adopt a new real estate tax rate on June 1, 2023. The average increase for residential properties countywide was 34%, according to Robertson. The Wampler-Eanes Appraisal Group, which was contracted by the Board of Supervisors, conducted the reassessment, according to the County. On social media, some are reporting increases as high as 65%.ĭon Robertson, Assistant County Administrator for Isle of Wight County, told News 3 these assessments are done every four years, not annually like some cities or counties.
– Residents in Isle of Wight County are raising concerns over real estate assessments that they’ve received this week.
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