By Brent Wilson, Field Officer
Greene County reassesses property values every two years and it is scheduled to happen again this fall. Two vendors provided quotations including the firm that has performed the service the past two times – Pearson Appraisal Service Inc.
As a part of their June 28th meeting, County Administrator John Barkley presented the two vendors quotations to the Board of Supervisors for their review.
Blue Ridge Appraisal Company, LLC from Staunton submitted a quotation of $8.25 per parcel with an estimated number of parcels of 10,600 for a total cost of $87,500 using BAI Software .
Pearson Appraisal Service, Inc. is located in Richmond, Va. and has done the last two appraisals for Greene County. The price quoted by Pearson’s per parcel was $5.96 for 10,400 parcels for a total cost of $61,984. In addition, for new appraisals a cost of $31.25 was quoted and it is estimated that there would be 24 parcels to appraise.
The total estimate from Pearson would be just under $63,000 vs. a budget of $62,000. Barkley felt certain that the price with Pearson could be negotiated down to the budgeted level. Barkley further explained that Pearson has a good reputation and does reassessments from Virginia all the way down to Georgia.
The timeline for the process would be to have the vendor complete the analysis by September 16th.
Notices would be mailed to property owners by November and the appeals process would take place in December of this year. With all of that completed the new rates would go into effect the first of 2017. After several clarifying questions the Board of Supervisors voted to award the reassessment process to Pearson.
Brent Wilson is the Greene County Field Officer for the Free Enterprise Forum a privately funded public policy organization. The Free Enterprise Forum Field Officer program is funded by a generous grant from the Charlottesville Area Association of REALTORS® (CAAR) and by readers like you. To support this important work please donate online at www.freeenterpriseforum.org