Virginia Car Assessed Value (Fairfax: fit in, taxes, price)

[Baike]

In 2022, I bought a car, whose assessed value is slightly lower than actual value. In fact, for my previous car, its assessed value is also lower than actual value.

For the same car bought in 2022, on the Property Information tab, it shows "January 1 Assessed Value $.....". The 2023 assessed value is almost $5k higher than 2022 assessed value, increase by 24.3%

How do they assess car value? Such a big increase is unacceptable. For my previous car, its assessed value goes down every year(it makes sense, car gets older and more mileage), except slightly increase during pandemic (due to high price of used car market, global supply chain issue, chip shortage). But currently, car price goes down again, there is no way to increase assessed value by 24.3% from 2022 to 2023.

Are they short of funding and try to tax more?

Thanks.

Edit: Attached article is ridiculous. Increase by 15.5% for 2023, while 2023 car price goes down. My car assessed value increases by 24.3%, which is much bigger than average 15.5%.

[North Beach Person]

https://www.arlingtonva.us/Governmen...%2C%20et%20seq.)

File an appeal.

[Baike]

This is ridiculous. Increase by 15.5% for 2023, while 2023 car price goes down. My car assessed value increases by 24.3%, which is much bigger than average 15.5%.

[Baike]

https://www.jdpower.com/

I have contacted tax department and was told that my car assessed value is correct, they get data from J.D. Power website. From the screenshot (sent by Tax Department), its assessed value can be searched by VIN. I was checking the website everywhere, and have no ideas how to estimate car value by VIN from that website. Anyone can provide the link website for entering VIN to get assessed value?

I thought 2023 used car value is cheaper than that of 2022, but I am wrong.

[ersatz]

Originally Posted by Baike

https://www.jdpower.com/

I have contacted tax department and was told that my car assessed value is correct, they get data from J.D. Power website. From the screenshot (sent by Tax Department), its assessed value can be searched by VIN. I was checking the website everywhere, and have no ideas how to estimate car value by VIN from that website. Anyone can provide the link website for entering VIN to get assessed value?

https://www.carfax.com/value/

This thread reminds me of when I moved from Spotsylvania County to Fairfax County some years ago. When I moved to Fairfax, I was presented with an annual tax bill that amounted to more than twenty-five times the rate I paid in Spotsy and almost equaled the car blue book value. I drove to and stomped into the Fairfax Government Center and threw a loud and messy meltdown hissy-fit in the tax department office. I almost got arrested but eventually they admitted that they made a mistake in their data entry.