Real Estate FAQ's

 

 

Who sets the real estate tax rate?

 

The Lee County Board of Supervisors establishes a real property tax rate each year. The Real Estate Tax Rate for this year was set in June 2021 at 61.87 cents per hundred of assessed value.

 

Why do the previous owners' names appear on my tax ticket even though my deed has been recorded?

 

The Code of Virginia states that the Commissioner of Revenue will determine the owner of record as of January 1 of each taxable year. If a deed is recorded after January 1, the owner of record on the tax bill will not change until the following tax year.

 

I sold my house during the year, who pays the real estate taxes?

 

Lee County taxes the owner recorded in the Lee County Circuit Court Office as of January 01 of the tax year. Sometimes the law firm or bank that is closing the sale will prorate these taxes at the time of “closing” between the buyer and the seller. Lee County does not pro-rate taxes.

 

Do I have to pay taxes after I reach the age of 65?

 

Currently, Lee County has a tax relief program (See information in Tax Relief) that can deduct up to two hundred ($200) from your real estate taxes. To qualify, you must be over the age of 65 or totally and permanently disabled and meet the asset and income guidelines.


Will taxes that are exempted through the elderly/disabled program have to be paid back?

 

No. This is a tax relief program for elderly and disabled citizens.

 

Do I have to pay taxes if I am a Veteran?

 

Pursuant to Virginia Code § 58.1-3219.5, a Disabled Veteran that is rated as having 100% Service Connected Disability by the U.S. Department of Veteran Affairs is entitled to tax exemption on their principal residence and up to one acre of land. To learn more about this program, search our Tax Relief Tab on this website.

How are the assessments on each parcel determined?

 

Every 6 years, a general reassessment is conducted in accordance with Section 58.1-3252 of the Code of Virginia. An appraisal firm is contracted to reappraise every parcel at its fair market value, which is based upon a sales study completed by the appraisal company. These assessments are effective for 6 years unless a change is made such as boundary adjustments, division of property, changes in zoning, court orders, new construction, and demolition. The most recent reassessment for Lee County went in to effect January 1, 2016.

How can I get the tax map# and the tax ID # of my real estate property?

 

You can obtain this information at the Commissioner's office, by calling the office at (276) 346-7722, or by conducting a property search using our website.