If you want to find out the
assessed value of your property, you can use our parcel search
feature to find your property and view the assessment information. You can also view all property assessments on
a map. You can search for properties by subdivision,
parcel ID, mailing address or property address.
The parcel and map data on the GIS web site are updated monthly.
The Code of Virginia (Title
58.1-3201) states that real estate is to be assessed at 100% of fair market
value. Fair market value is defined as the amount a property would likely sell
for today if it were on the market for a reasonable time.
The county assesses property
annually in order to meet the state required ratio of 100% of market value as
of January 1 of each year. We follow the standards of the International
Association of Assessing Officers and the Code of Virginia in performing the
annual assessments. The Department of Taxation monitors this process for
compliance and accuracy.
The real estate market determines
property values. It is the responsibility of the Assessor's Office to review
and analyze market data to assess each property appropriately. Sales
information is gathered from recorded deeds, buyers, sellers, and real estate
professionals and the assessed values are compared to the sales prices to
determine if the assessments comply with the state required ratio of 100% of
There are many reasons for a
change in property values, such as an addition, fire, or a movement up or down
in the market. The most frequent cause of a change in value is a change in the
real estate market. An area is selected for reassessment when its median
assessment/sales ratio is significantly below or above the state mandated 100%
of fair market value.
Hanover County is a large
jurisdiction that has a multitude of urban, suburban, and rural areas.
Assessment areas vary from large acreage areas to small residential areas. An area is defined as the environment of a
subject property that has a direct and immediate impact on its value. Similar properties
are grouped together and area boundaries are established for the purpose of
sales and assessment analysis.
Questions about your assessment
should be directed to the Assessor’s Office.
You may also check the page on how to appeal your assessment.