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Supervisors call hearing on ordinance to assess new construction for timely taxation
Summary
Board members opened a public hearing on an ordinance to require assessment of newly completed construction so values are placed on the tax roll as soon as the building is finished rather than months or a year later; the change follows the closure of a contracted appraisal firm and seeks to keep new taxpayers on the rolls promptly.
The Nottoway County Board of Supervisors opened a public hearing on a proposed ordinance to require prompt assessment of new construction so that values can be added to the tax rolls as soon as a project is completed.
A county presenter said that in prior years an appraisal firm gathered information about new construction and helped place values on the tax roll, but that firm recently closed and its assets were acquired by another company. The county found instances of completed construction not appearing on the tax rolls and the ordinance is intended to let county staff, working with the commissioner’s office, place a value on finished construction so it can be taxed prorated immediately rather than months or a year later.
The presenter gave an example: under the previous practice a house finished in January might not have been taxed until the following year’s billing cycle in November or December. The proposed ordinance will allow the county to add a finished building’s assessed value to the tax roll and collect prorated taxes for the portion of the year in which the property is in service.
Discussion versus decision: the board opened and closed the public hearing and received no public comments on the item at the meeting. No final adoption or tax rate change occurred.
