• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

      The word on DoG Street is that the program changes at Colonial Williamsburg over the past few years have led to a decline in attendance. In fact, just the opposite is true. In 2014, after President Mitchell Reiss and his new team brought innovative program changes to CW, attendance rose after a seven-year decline. For...Read More »
    • An Open Letter to the Colonial Williamsburg Community
      The role of Williamsburg in America’s founding is nothing short of extraordinary. In the years leading up to the Revolution, this colonial capital city was a thriving center of culture, enterprise, education — and revolutionary ideas. It was here — in these homes, government halls and taverns — that Thomas Jefferson, James Madison and so...Read More » […]
    • An Insiders Guide to the 4th of July Festivities 2017
      We hope you’re making plans to celebrate independence the right way—with us! Our 4th of July festivities will feature a lot more than spectacular fireworks. We offered a preview a couple weeks ago–now here’s your practical guide for navigating the day. This year’s theme is “Light and Liberty,” drawn from a letter Thomas Jefferson wrote...Read More » […]
    • 7 Ways Our Free App Will Improve Your Visit
      The official Colonial Williamsburg Explorer app just received another big upgrade, so now there are even more reasons to make sure you make it part of your visit. Our website is a great way to plan your adventure from home, but when you’re here, the app is an indispensable tool to make the most of...Read More »
    • Reflections of a Revolutionary in Residence
      “Papi, am I a princess?” “Yes, Anabella, you are. But we all are. In our country every one of us is a king or a princess,” I said, echoing the words of young Mr. Jefferson as played by Kurt Smith. She was right to ask: my family was feted like never before during my recent...Read More »
  • Flickr Photos

James City County real estate assessments show decline

imageJames City County’s biennial real estate tax assessments declined to $10.9 billion or approximately 3.67 percent lower than the 2010 assessments of $11.3 billion. On average, individual residential homes dropped by 5.64 percent. Houses valued at less than $200,000 and more than $700,000 saw the least reduction as a percentage. Houses valued between $300,000 and $500,000 saw higher than average reductions. No County properties saw an increase in value. Once new residential construction and new developments were included, the County’s residential property values overall were reduced by approximately 4.57 percent.

The Real Estate Assessment Division assessed all real property based on the fair market value as of Jan. 1, 2012. Approximately 31,000 properties were evaluated including 27,600 residential properties. About 22,000 of those residential properties will receive assessment reductions when change-in-assessment notices are mailed on Feb. 29. The new values will be effective for the next two fiscal tax years 2013 (July 1, 2012-June 30, 2013) and 2014 (July 1, 2013-June 30, 2014).

County appraisers, who are licensed by the Commonwealth of Virginia, analyze current real estate sale prices and the assessment-to-sales ratios to determine whether a property assessment should be increased, reduced or remain the same. Properties are analyzed by assessment areas, which are based on common land uses, types and ages of buildings, value range and other locational characteristics. A nationally recognized computer valuation system is used to appraise the properties.

Property owners may request a review of their assessment between Feb. 29-March 30 by calling 757-253-6650, 8 a.m.- 5 p.m. An appraiser will review the assessment to insure property information is correct, and confirm that it represents fair market value and is equitable with other similar properties. Most changes, including reductions, are made during this administrative review period. If the issue is not resolved by phone, the property owner may request an appraiser visit the property. Property owners will be notified by mail if the assessment is revised. Owners who are dissatisfied with the outcome of the review may file an appeal in writing with the Board of Equalization no later than April 30, 2012.  More information can be found online at jamescitycountyva.gov/assessments.

The Board of Supervisors adopts the tax rate when it approves the County’s annual budget which is expected to be May 8 for the FY 13/14 budget and fiscal tax year 2013. The County Administrator’s Proposed Budget will be released April 13 and a public hearing on both the budget and the proposed tax rate will be held during the April 24 Board of Supervisors regular meeting.

How much a County property owner will pay in taxes is determined by multiplying the tax rate and the assessed property value. The current tax rate is 77 cents per $100 of value. If the Board of Supervisors keeps the tax rate at its current level, a home assessed at $250,000 would pay $1,925 in taxes, half due Dec. 5, 2012 and half due June 5, 2013. With an average reduction in value and tax payments of 5.64 percent, this would represent an average savings of $115.06 annually on that $250,000 home, assuming the tax rate remains the same. The savings could be either higher or lower depending on the actual assessment of the property. Additional savings could be realized if a property owner qualifies for a tax relief program for elderly and disabled citizens.

For information on the County’s real estate tax relief program for elderly and disabled citizens, please contact the Commissioner of the Revenue, 757-253-6695. The program provides tax relief to homeowners who are 65 or older and those who are permanently and totally disabled if they meet certain income and financial worth qualifications.

The Commissioner of the Revenue also administers the land use assessment program which provides for tax deferrals for qualifying forested and agricultural land. Reduced real estate taxation is also available to properties with conservation and preservation easements.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: