News Release - General Reassessment of Real Estate
Lancaster County has retained Cowan Services, LLC to perform the County’s 2024 General Reassessment of real estate, which will become effective on January 1, 2024. The County is currently on a 5-year reassessment cycle. 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.
Members of the reassessment team will begin visiting properties during the week of January 16, 2023. They will be carrying photo I.D.’s and will have magnetic County Reassessment signs on their cars. Assessors will be coming out to residents’ homes to look at dwellings and their property in general, as well as take exterior pictures/measurements in order to determine their fair market value.
The field assessments are expected to be completed in October 2023 and the notices of the proposed changes in the assessed values will be mailed out to property owners in November 2023. These notices will also give the details on the method of appealing the proposed assessed values.