February 26, 2010Change of Assessment Notices Mailed in HamptonThis week, the Office of the Assessor of Real Estate is mailing Change in Assessment Notices to the owners of 17,520 properties in the City of Hampton. The Office of the Assessor of Real Estate has assessed all real property in the City of Hampton based on the fair market value as of January 1, 2010. The total assessed value of all taxable property is $11,199,969,300.00, down 2.71 percent from FY2010. The assessed values are effective for FY2011 as of July 1, 2010 with tax payment due dates of December 5, 2010 and June 5, 2011. A public hearing regarding the real estate tax rate will be held May 12, 2010 in Council Chambers of City Hall, 22 Lincoln Street, Hampton, Virginia 23669. State-licensed appraisers in the Office of the Assessor of Real Estate analyze sales and assessment-sales ratios in order to determine whether a property assessment should be increased, reduced, or remain the same. The appraisers analyze properties by assessment areas, which are based on common land uses, type and age of buildings, value range, and other locational characteristics.
Homeowners in the City of Hampton who are at least 65 years of age or permanently and totally disabled and meet certain income and net worth requirements may be eligible for tax relief, a tax freeze, or a tax deferral on their home. Please contact the Commissioner of the Revenue between the hours of 8:30 a.m. and 5:00 p.m., Monday through Friday by calling (757) 727-6690 for more information. The Commissioner of the Revenue is located in the Ruppert Leon Sargent Building at 1 Franklin Street, Suite 102. The Office of the Assessor of Real Estate administers the land use assessment program which offers tax deferrals for land being put to qualifying agricultural and horticultural uses. Reduced real estate taxation may also apply to properties with conservation and preservation easements.
### Media Contact: Brian E. Gordineer, AAS, City Assessor | (757) 728-5185 | bgordineer@hampton.gov
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