2023 Reassessment Update: December 6, 2022

The reassessment notices mailed in Nov. 2022 are not bills

The 2023 Montgomery County Reassessment notices have been mailed. Please note the reassessment notices mailed in Nov. 2022 are not bills. 

The amount of real estate taxes owed are the result of the assessed real estate value and the real estate tax rate. 

The information shown on the notices from the County Reassessment Office related to 2023 Tax Levy has NOT been discussed or approved by the Montgomery County Board of Supervisors or the Blacksburg or Christiansburg Town Councils; this information is required to be shown by State Code as an estimate based on current real estate tax rates. No discussion or decision has been made at this time regarding the 2023 real estate tax rate.

Assessment Overview 
The reassessment notifications received in 2022 are the result of a County-wide reassessment process that takes place every four years. State law requires counties of our size to have a general real estate reassessment at least every four years.

Please note the assessment of real estate is only one piece of the tax bill equation. 

The 2022 assessment reflects the market value of homes based on recent comparable sales. On average, properties in Montgomery County increased approximately 30 percent from the last reassessment in 2018.

Homeowners should consider whether the value shown on their property assessment notice is what they would sell their home for if currently listed on the real estate market. Property owners who believe their property assessment is higher than the market value may appeal their assessment.

Real Estate Tax Rate
The next piece of the tax bill equation is the real estate tax rate, which will be discussed with the Montgomery County Board of Supervisors, beginning in March 2023.

The Board of Supervisors will be evaluating the real estate tax rate during the upcoming Fiscal Year 2024 (FY24) budget process. There will be several opportunities to address the Board of Supervisors during the budget process, beginning with a FY24 budget public hearing in January 2023, and another budget public hearing in April 2023. 

Citizens can also address the Board of Supervisors as part of any regular Board meeting, under public address. The Board of Supervisors will likely set the real estate tax rate for FY24 at a meeting in April 2023.

The real estate tax bills are typically mailed in May, with a June 5 payment deadline. 

Reassessment Appeals
Property owners who believed their property assessment was higher than the market value had until Friday, December 16, 2022, to file an informal appeal. [Text updated December 16, 2022.]

Board of Equalization ("BOE") Appeal Hearings:
  • Beginning Monday, January 9, 2023, to request an appeal hearing before the Board of Equalization call 540-394-3126 between 9 a.m. and 5 p.m., Monday – Friday.  The deadline to request an appeal before the BOE is February 10, 2023. Appointments will be scheduled at 15-minute intervals.   
  • The BOE will hear appeals from property owners in February and March 2023.  
  • Hearing dates will be advertised in local media, with information on how to file an appeal with the BOE. Download a PDF file of the full notice and list of hearing dates.
Informal appeals with the Reassessment Office are encouraged prior to formal appeals with the Board of Equalization, but they are not required.