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.

2017 Assessments


The total taxable assessed value for all properties in the city, as of January 1, 2017, is $ 4,008,203,600 ($4.0 billion), a 3.6 percent increase from January 1, 2016. New construction (valued at $83.8 million) accounts for over fifty-nine 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 21.

Changes Compared to Previous Year

  • Commercial new construction accounted for $56.4 million of growth
  • Residential new construction account for $27.4 million of growth.
  • Overall commercial property values increased 5.91 percent
  • Multi-family property values increased 6.74 percent
  • Residential real estate values increased 2.59 percent over the last year
As set forth in the Virginia Constitution, real estate is assessed at 100% 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.

2017 Important Dates & Deadlines

  • January 1: Effective Date of Annual Assessments
  • March 24: Appeal to Assessor Deadline
  • April 24: City Council Sets Real Estate Tax Rate
  • May 27: Deadline for Filing 2016 Income and Expense Surveys
  • June 2: Appeal to Board of Equalization (BOE) Deadline
  • June 5: First Half of Real Estate Taxes Due
  • September: BOE Hearings Begin
  • December 5: Second Half of Real Estate Taxes Due