Number of Members: No less than three nor more than five members
Term of Service: One-year term from January to December
Pursuant to Va Code § 58.1-3374, every board of equalization shall be composed of not less than three members nor more than five members or the number of local election districts in the locality, whichever is greater. Appointed by a judge of the Circuit Court, upon recommendation by City Council, in each tax year immediately following the year a general reassessment or annual or biennial assessment is conducted. Each member serves a one-year term of office, from January to December, and that term shall expire after the effective date of the assessment for which the members were appointed. Thirty percent of the members of the board shall be commercial or residential real estate appraisers, other real estate professionals, builders, developers, or legal or financial professionals, and at least one such member shall sit in all cases involving commercial, industrial or multi-family residential property, unless waived by the taxpayer. In addition, at least once in every four years or service on the board, each member shall take continuing education instruction provided by the Tax Commissioner pursuant to § 58.1-206. Any vacancy occurring shall be filled for the unexpired term by the authority making the original appointment. The Board is established under State law to hear and decide appeal on real estate assessments—residential and commercial. The members shall receive compensation, for the time actually engaged in the duties of the board, to be fixed by the governing body and paid out of the local treasury. Meeting Time and Place: To be held as needed; City Assessor’s Office – City Council Chambers, Municipal Building, 300 N. Main St., Hopewell.