Supervisors extend property reassessment cycle, set maximum proposed tax rate

The Patrick County Board of Supervisors voted unanimously to extend its next general real-estate reassessment to six years and to set a proposed real estate tax rate ceiling of 73 cents per $100 of assessed value for fiscal year 2025–26.

Glenda Morse, identified in the meeting as the county’s commissioner of revenue, told the board she had provided information from the Department of State and reminded supervisors that “Virginia code states that there shall be a general reassessment of real estate every 4 years,” while noting counties may elect a five- or six-year interval. Morse said she was asking the board to authorize a two-year extension so the next reassessment would be effective Jan. 1, 2027. “Tonight, I'm asking for a motion to extend the next reassessment to 6 years … which would make it effective 01/01/2027,” she said.

The motion to extend the reassessment passed on a voice vote after a motion and a second were recorded. Shortly afterward, the board voted to set a real estate tax rate “not to exceed 73¢ per 100 of assessed value for the fiscal year 25–26,” a step the county said was necessary to meet publication and notice timelines. A motion to set that ceiling passed by unanimous voice vote; Supervisors Marshall, Kendrick, Perry and Overby voted aye and the presiding supervisor also voted aye.

County staff and the commissioner of revenue noted the reassessment timing affects revenue estimates and will inform the board’s decisions during the current budget cycle. The tax-rate motion was phrased as a maximum allowed rate for the proposed budget; the board will consider a final adopted rate later in the budget process.