What if there are no recent sales on a certain street or block?

If there are no recent sales in a certain area, sales from comparable areas are reviewed to help determine values. These areas are similar in location, price range, and style of homes. This situation rarely occurs due to the number of properties that sell each year in the city.

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1. Why are assessments determined annually?
2. Why does Charlottesville assess at fair market value?
3. What is fair market value?
4. How does the Assessor's Office obtain information on properties?
5. How are property values determined?
6. What if there are no recent sales on a certain street or block?
7. Why do assessments change from year to year?
8. Why are some properties assessed higher or lower than what they sell for?
9. How does a property owner appeal an assessment?
10. How is the tax rate determined?
11. Does the City offer any other programs for financial assistance?
12. What is the stormwater utility fee?