Louisa County Assessor
The Assessor is charged with several administrative and statutory duties. The primary duty and responsibility is to assess all real property within his jurisdiction except that which is otherwise provided by law. This includes residential, commercial, industrial and agricultural classes of property. Real estate property is revalued every two years. The effective date of the assessment is January first of each year.
The assessor and staff appraise the properties in the county. They may work individually or as a team. They visit any property in the county or municipalities of Louisa County looking at new construction and reviewing existing properties.
Assessed value and taxable value are not the same. Taxes are levied on a value determined by the “roll back” percentage given to the auditor from the state each year and any credits you have applied for. A tax statement on a property is not due and payable until eighteen months after the assessment is in place. For example: If you build a home, or any structure in the calendar year of 2020, you are assessed for that structure or home as January 1st, 2021. You won’t pay taxes on that home or structure until the fall of 2022.
About the Assessor
Assessors are appointed to their position by the Conference Board consisting of the members of the Board of Supervisors, the Mayors of all the cities, and a member of each school district within the jurisdiction.
Assessors are required by the law to pass a state examination and complete continuing education programs consisting of 150 hours of formal classroom instruction with 90 hours tested and a passing grade of 70% attained. The latter requirement must be met in order for the Assessor to be reappointed to the position every six years.
Chief Deputy and Deputy Assessors are appointed to a six year term. They must pass a state examination and complete continuing education programs consisting of 90 hours of formal classroom instruction with 60 hours tested and a passing grade of 70% attained.
The Conference Board approves the Assessor’s budget and after a public hearing acts on adoption of the same. The Assessor is limited, by statute, depending upon the value of jurisdiction, to a levy limitation for the budget.
The Assessor is concerned with the value, not taxes.
Duties of the Assessor
The Assessor is charged with several administrative and statutory duties.
The primary duty and responsibility is to assess all real property within the Assessor’s jurisdiction except that which is otherwise provided by law. This would include residential, commercial, industrial, and agricultural classes of property.
Real property is revalued every two years.
The effective date of the assessment is January 1st of each year.
The Assessor determines a full or partial value for all new construction and improvements depending upon their state of completion as of that January 1st date.
The Assessor does not:
- Collect Taxes
- Calculate Taxes
- Determine Tax Rates
- Set Policy for the Board of Review
Taxing jurisdictions such as schools, cities and county, adopt budgets after public hearings.
This determines the tax levy, which is the rate of taxation required to raise the money budgeted.
The taxes you pay are proportional to the value of your property compared to the total value of the property in your taxing district.
A FAIR AND EQUITABLE PROPERTY TAX SYSTEM