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Posted on: October 15, 2021

General Reassessment of Real Estate

NEWS RELEASE

COUNTY OF KING WILLIAM

GENERAL REASSESSMENT OF REAL ESTATE

 

FOR IMMEDIATE RELEASE

Contact:  Pearson’s Appraisal Service, Inc.

King William County has retained Pearson’s Appraisal Service, Inc., to perform the County’s 2023 General Reassessment of real estate, which will become effective on January 1, 2023. The Code of Virginia, 1950, as amended, mandates that each locality periodically perform a general reassessment of real estate to determine each property’s fair market value and to equalize each property’s value in relation to similar properties. Pearson’s Appraisal Service’s experience and familiarity with the Middle Peninsula and Northern Neck real estate market were important factors in King William County’s decision to retain its services.  

Members of the reassessment team will begin visiting properties in September of 2021. They will be carrying photo identification and will have magnetic County Reassessment signs on their cars. We want to alert the public to this as our appraisers will be coming out to residents’ homes to look at their property in general, as well as to take exterior pictures to assist in determining their fair market value. Our goal is to obtain accurate assessment of all real estate in the county. Reassessment staff will not be entering any homes. 

The field assessments are expected to be completed in June of 2022 and the notices of the proposed changes in the assessed value will be mailed out to property owners in the fall of 2022. These notices will also give the details on the method of appealing the proposed assessed values.

The home office of Pearson’s Appraisal Service, Inc. is in Richmond, Virginia. Pearson’s Appraisal Service, Inc. is a leader in mass appraisal in Virginia, North Carolina, and Georgia, having appraised over 3,000,000 properties. During its forty years of working in Virginia, Pearson’s Appraisal Service has appraised more waterfront properties than any other firm. Pearson’s completed the last five reassessments for Charles City County, the last two reassessments for King and Queen County, and is currently working on the reassessments in Westmoreland County and Richmond County. 

If a property owner has any additional information that they would like the appraisers to know please call 804-564-9393 or 804-560-9200. Additional information may also be emailed to pearsonsappraisal@gmail.com. Pearson’s office in the County Administration building is open to the public during regular business hours and may be reached at 804-769-3027.

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