How is the property value determined?
  • Properties are sorted by type: commercial, industrial, residential, agricultural, or other lands.
  • Sales are verified for fair market value.
  • Sales are grouped by property types.
  • Large numbers of sales are grouped by comparability and stratified by value influenced metrics.

This process is mass appraisal or assessment and not fee appraisal. Fee appraisals are typically completed for bank purposes and are usually for one property. Each parcel has appropriate land and improvement values separately stated and adjusted to recent qualifying fair market sales.

Show All Answers

1. Why is our property being reassessed?
2. I have not done anything to my property, so why is the value changing?
3. What is market value?
4. When was the last reassessment?
5. What are the basic data collection procedures for reassessments?
6. What is the difference between sale price, appraisal and assessments?
7. How is the property value determined?
8. How does a property owner learn of their reassessment value?
9. What do I do after receiving my reassessment?
10. How does a property owner appeal reassessment value?
11. Can I research or view other property assessments?
12. What do I do if information on my real estate reassessment appears to be wrong?
13. Is it true that the Assessor reassesses to raise taxes?
14. How do my real estate and personal property assessments determine my tax bill?
15. How are parcels assessed if subdivided after Jan. 1 of each year?