Do all assessments change at the same rate?
There are differences between individual properties as well as between neighborhoods. In one area, the sales may indicate a substantial increase in value in a given year. In another neighborhood, there may be no change in value, or even a decrease. Different types of properties within the same neighborhood may also show different value changes. For example, one story houses may be more in demand than two story houses, or vice versa. Older homes in the same area may be rising in value more slowly than newer homes.

There are numerous factors to be considered by the appraiser for each property type. It is the appraiser’s job to determine if and how a property’s characteristics are affecting the neighborhood’s market value. Some of the factors which can affect value are location, condition, size, quality, number of baths and garages, among others.

Show All Answers

1. What do I do if I think my assessment is incorrect?
2. What is an annual reassessment?
3. Why do an annual reassessment?
4. Why are real estate taxes necessary?
5. What is fair market value?
6. What causes property values to change?
7. What is the effective date of my assessment?
8. When are buildings under construction assessed?
9. How is property appraised?
10. Do all assessments change at the same rate?
11. How do trends in real estate affect local assessments?
12. What is the role of computers in the assessment process?
13. What will happen to my assessment if I improve my property?
14. Will my assessment increase if I repair my property?
15. Can the assessment on my property be changed even if the assessor has not been inside my property?
16. What is a field review?
17. Can I make an appointment for a field review?
18. How can I be sure the information used to determine the value of my property is correct?