Equalized Rates (based on 32.72% avg. increase)
Tax Rate Table
2024 (Old) Tax Rates
2025 Tax Rates
47¢
General Fund
47¢
61¢
15¢
Fire & EMS Levy
14¢
11¢
62¢
Total
75¢
58¢
Frequently Asked Questions - Find More Answers Online
Why did assessed values increase so much this year? Reassessments had not been conducted since 2020, and market values increased a lot since that time. Furthermore, the 2020 assessment would have been based on sales made in 2019. Virginia code requires that properties be assessed at 100% of market value. As a result, most residents noticed a significant increase in their property values on this year's reassessment (average increase: 32.72%). Going forward, one expected advantage to having annual assessments will be a reduction in large value shifts like that which occurred this year.
Why did my assessment increase more than my friend’s who also lives in Orange County? On average, assessed property values in Orange County increased by 32.72%. However, that does not mean that every individual property increased by the same percentage. Some increased more, some increased less. It all depends on the market conditions that affect that property.
Why did taxes for some properties decrease and some increase? While discussing this year's tax rates, the Orange County Board of Supervisors was aware that property values would increase significantly due to market factors and the long period of time since the last assessment. With that in mind, they elected to equalize the tax rate (see table above). The Board based its equalization decisions on the average assessment increase for all properties in Orange County, 32.72%. If a property’s assessed value increased by less than this percentage, it was possible to see a reduction in Real Estate Taxes Due. If a property's value increased more than the average, equalization efforts had less of an impact. As a result, both tax increases and tax decreases are possible.
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