King George Residents Will Receive Assessments Soon

King George county property owners should be receiving their real estate assessments soon, according to the The Journal Press.

The company preparing the assessments that will go into effect next year said that the reassessment notices should be mailed out on or about October 16th.

"A real estate reassessment has been underway in King George and assessments are being readied by Blue Ridge Mass Appraisals that will go into effect next year.

Blue Ridge’s Mike Didawick recently provided a brief report on his company’s reassessment process to the Board of Supervisors.

Didawick said on Sept. 15 that the county has about 12,500 parcels, adding that the company expected to finish up in the intervening weeks.

With the current economy, will property values go up or down?

Didawick said three weeks ago that there were only about 500 parcels left to process.  But 'it’s too early to say what is going to happen to the values.'

Didawick noted that land values in King George remain strong, adding, 'There may be a slight increase in land values.'

'Raw land is still increasing in value everywhere, including this county,' he said.

Read the full story.

Posted on Monday, October 12, 2009 - 12:30pm