Virginia Real Estate Tax Hike Clears Shenandoah Vote
Shenandoah County’s FY2026 Tax Increase Explained Shenandoah County is moving into FY2026 with a proposed real estate tax increase of 3 cents per $100 of assessed value. The change is tied directly to rising budget demands and higher assessed property values. The fiscal year begins July 1, 2025. Property taxes are determined by assessed value and the rate set by the board. Similar debates elsewhere in Virginia have highlighted how rising property values can increase tax bills even when the tax rate itself changes only modestly. County officials are balancing rising personnel, insurance, equipment, and service costs. Reassessment Pressure and Legal Limits The reassessment impact is central to the proposal. A general reassessment resets values to fair market conditions as of January 1. The reassessment is intended to reflect fair market value rather than serve as an automatic county-wide tax increase. Under Virginia law, post-reassessment real estate tax revenue cannot rise above a 101...