Virginia Beach: Taxes
So we know we have to pay taxes, but what all does that mean? And who do you pay them TO? Many of these questions can and should be explained by your mortgage professional before during and after closing, but we'd also like to end you to the source and give you the place to look, otherwise.
Many of our clients, past/present/future chose to live in Virginia Beach, thus we see it as informative to share the Virgiina Veach website information on taxes:
- Parcel ID
- Original Due Date
- Current Primary Owner Name
- Base Tax Due
- Current Primary Owner Mailing Address
- Penalty/Fee Due
- Situs/Property Address
- Interest Due
- Legal Description
- Total Due
- Real Estate Tax Bill Number
- Limited Payment History
If you believe any real estate tax information is inaccurate or if you have any comments about this online real estate tax search, we would like to hear from you. See our contact information available to the left. Try it out by clicking Real Estate Tax Search' on your right. The fiscal year (July 1st to June 30th) real estate tax is billed in two parts by the City Treasurer. The first half payment is due December 5th and covers from July 1st through December 31st of the current year. The second half payment is due June 5th and covers from January 1st through June 30th of the current year. If the due date falls on a weekend, the deadline is extended to the following Monday.
With many homeowners, real estate taxes are paid by their mortgage company from funds in the owner's escrow account and therefore the bills are sent to the mortgage company on file. If you have changed mortgage companies or paid off your mortgage, please notify us so that we can ensure the correct mailing of the bill. For those property owners that do not have an escrow account with a mortgage company, the City Treasurer is responsible for preparing, mailing, and collecting the taxes.
All mailings are prepared in advance to be placed in the mail on the Friday before the preceding months 5th date. This allows our citizens an extended time period to pay, over and above the State mandated 14 day billing period requirement.
Partial payments, including advance payments are accepted and encouraged by the Treasurer if you are not able to pay your bill in full by the due date. However, payments not received or post marked by the due date are assessed with a penalty of 10% of the total tax or $10 whichever is greater, but not to exceed the amount of the bill plus interest at 9.6% per year. Pending reductions to your tax bill do not excuse you from the required penalty and interest charges for late payments.
Delinquent Real Estate
Any payment received by the Treasurer shall be credited first against the most delinquent account, allowed under State Code 58.1-3913.
When Real Estate taxes becomes delinquent by three years plus the current tax year, the Treasurer's Office is allowed under Code of Virginia 58.1-3924 to advertise a list of properties which include the owners name of record (as of the date of assessment) in the Newspaper. A $25.00 Advertising fee will be charged once the ad has been placed.
Should the taxes remain unpaid on June 30th of the current fiscal year; further legal activity will result in taxes being turned over to a law firm for collection. At this time attorney fees will be charged. A lien may be recorded in the Clerk's Office of the Virginia Beach Circuit Court. Upon recordation of this lien, the City may proceed to collect these taxes by any legal means available including offering the property for sale.
If your bill is covered by bankruptcy, please notify us at (757)385-4701.
Commissioner of Revenue and Real Estate Assessor Duties
The Commissioner of Revenue's (COR) Office is now responsible for the Real Estate exemption and freeze programs. Visit here for a list of Tax Relief Programs administered by the COR.
The assessment of your property is determined by Real Estate Assessor's (REA) Office. If you have questions regarding your assessment please visit the REA website. If the REA finds that you were billed erroneously and your bill is reduced and a refund is determined to be due, the City Treasurer will first determine that no other City funds are delinquent and then prepare a refund. Based onCode of Virginia 58.1-3913, any tax or other charge that is delinquent must be collected prior to the issuance of a refund. The refund process takes approximately 4 weeks.
Transfers of ownership, updates, and maintenance of property ownership records are performed by the Real Estate Assessor's Office using deeds, wills and plats recorded with the Clerk of the Circuit Court.