Real Estate

Fair Market Valuations

Real estate in Virginia is assessed at 100% of its fair market value. Real property tax bills are based on the real property assessment and the real property tax rate, which is set annually by the Board of Supervisors. Questions about real property assessments or fair market valuations should be directed to the Office of the Commissioner of the Revenue.

Resources

• Loudoun County Database of Real Property Assessment and Land Parcel Information

Land Use Valuations

If real estate is used for agricultural, forestal or open space purposes, the owner may apply to have the land assessed for this use, which in most cases results in a lower assessed value. You can get more information on the Land Use Assessment Program, or by contacting the Office of the Commissioner of the Revenue.

Related Resources

• BOEADU Presentation (PDF)
• ADU Webinar
• Residential Assessment Process Presentation (PDF) Opens a New Window. 
• Board of Equalization
• ns a New Window. Income and Expense Surveys
• LOA-Letter of Authorization (PDF) Opens a New Window. 
• Loudoun County Database of Real Property Assessment and Land Parcel Information
• Revitalized Real Estate Exemption Application (PDF) Opens a New Window. 
• Tax Relief and Tax Exemptions Opens a New Window. 
• VA Department of Taxation Annual Real Estate Assessment/Sales Ratio Study
• Parcel Downloads Folder
• Real Property Sales Report Opens a New Window.