Both the City of Harrisonburg and Rockingham County have reassessed properties in their respective areas, which means your property value may have changed. When your notice of reassessment comes, if you think the City or the County are way off in their reassessment, know that there are ways to appeal...
Issues
2010 Rockingham County Reassessment Information
According to the Virginia Constitution, all real estate must be assessed at market value, so Rockingham County is performing reassessments again. The last reassessment occurred in 2005, and was effective January 1, 2006. Now that 2010 is here, its time for another round! County officials actually began reassessing properties about...
Rockingham County Taxes: Land Use Assessments
In our last post, we informed you how to claim your first time home buyer tax credit. For those of you who own (or are thinking about purchasing) land in Rockingham County, there may be some tax benefits for you, depending on how you use your land. If you meet...
How To Claim Your Home Buyer Tax Credit
Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. For a full set...
Extended Home Buyer Tax Credit: Signed, Sealed, Delivered
President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work? We’ve already gone over some of the major changes to the credit, but here they are again: Both first-timers and existing homeowners would be able to take advantage of...
The New Tax Credit Passed By Congress With Flying Colors!
Yesterday, we posted some news about the first time home buyer tax credit being extended until April, along with some changes to the credit, including allowing existing homeowners $6,500 towards their purchase of a “move-up” home. (Note: There are more details to this new bill, so if you are interested,...