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.

2022 Assessments


The total taxable assessed value for all properties in the city, as of January 1, 2022, is $ 5,093,848,600 ($5.1 billion), an overall increase of 11.42 percent increase from January 1, 2021. Assessments will be mailed to property owners by March 21.

Overall residential real estate values increased 13.72 percent over the last year. Single family home and townhomes had varying changes but overall were up 14.43 percent and 11.60 percent respectively; and residential condominiums had varying changes but overall increase of 12.31 percent.

Overall commercial property values increased 5.73 percent since January 2021 and multi-family property values increased 12.39 percent over the last year.

New construction (valued at $34.62 million) accounts for 6.6 percent of the increase in assessed value. Residential new construction accounted for $18.1 million of growth; commercial new construction accounts for the remaining $16.5 million of growth.

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.

2022 Important Dates & Deadlines



  • January 1, 2022: Effective Date of Annual Assessments
  • April 29, 2022: Appeal to Assessor Deadline
  • May 9, 2022: City Council Sets Real Estate Tax Rate
  • May 31, 2022: Deadline for Filing 2021 Income and Expense Surveys
  • June 3, 2022: Appeal to Board of Equalization (BOE) Deadline
  • June 6, 2022: Second Half of FY 2021 Real Estate Taxes Due
  • September 2022: BOE Hearings Begin
  • December 5, 2022: First Half of Fiscal Year 2022 Real Estate Taxes Due