How does the Assessor determine the value on my property?

How does the Assessor determine the value on my property?

  • Buyers and sellers in the real estate market establish the market.  The Assessor's staff researches the market and collects information about properties to estimate a fair market value using mass appraisal techniques.
  • The Assessor's Office has no control over tax rates or how much taxes you pay.
  • The Assessor uses standard mass appraisal methods, which utilize the three traditional approaches to value (cost, market, and income), to estimate the fair market value of any given property.
  • It is important to note that the Assessor is simply measuring the information produced in the market to determine the estimated value.  The economic principles of supply and demand, along with the desires of a willing purchaser and seller of property, determine fair market value. One sale does not make the market. It takes multiples sales, among other cost and economic factors to determine market value.

For more information contact the Assessor's Office.

Show All Answers

1. What is an occupancy tax?
2. Can I see a map of my property?
3. How are the taxes on my property determined?
4. What does the category on my assessment notice mean?
5. How does the Assessor determine the value on my property?
6. If my assessed home values drop, will my property taxes do the same?
7. What is the Homeowner's Property Tax Exemption?
8. Is there a program that can help with paying my property taxes?