What is market value?

Market value is the most probable price in terms of money that a property will bring in the open and competitive market. Not all sales are completed at market value. The Assessor is charged with estimating the market value of each property in St. Charles County according to State Statutes.

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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?