Why are real estate assessments important?
In Virginia, application of a real estate tax rate approved by the governing body, to real estate assessments, provides that the tax burden is equally distributed to all property owners in proportion to the fair market value of their real estate. Real estate taxes are a major source of local funding for local services, such as public education, fire and police protection, roads and utilities.

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1. Why are real estate assessments important?
2. The Internet record shows incorrect data for my property. What should I do to correct this?
3. If a home recently sold for $95,000, is that the fair market value?
4. Why can't the Office of the Assessor of Real Estate make copies of supplemental materials from an office Review of Assessment Application to accompany the Board of Review Application?
5. Do all appraisers in the Office of the Assessor of Real Estate use the same method in appraising my home?
6. Do all houses the same age get the same amount of depreciation?
7. If my home is destroyed or damaged due to a fire, hurricane or other fortuitous act how does it affect my assessment?
8. I did not renovate or make an addition to my property, so why did the value increase?
9. At what percent of market value do you appraise property?
10. Are real estate reassessments just another method for the City of Hampton to raise taxes?
11. How do other Hampton Roads cities conduct their real estate assessments?
12. Is there a formula that is used to compute my real estate obligation?
13. When Are Taxes Due And To Whom Do I Pay Them?
14. Must the property owner allow an interior inspection of his or her property when contesting an assessment?
15. The assessed value of my property has decreased and I'm concerned with this decline. I feel my property is worth more. What does this mean for the future?
16. If I hold title to real estate jointly with rights of survivorship, how can a deceased person's name be removed as owner in the database of the Office of the Assessor of Real Estate?