How do trends in real estate affect local assessments?
General trends in property values are often discussed and written about. As part of the assessment process, the Office of the Real Estate Assessor reviews data about real estate trends in the region and in the city. However, we rely primarily on data from the sales of properties similar to the group of properties that we are valuing. As part of these analyses, all properties are placed into neighborhoods that each have specific geographic and economic influences. It is the sales within each neighborhood that most affect the final values of properties.

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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?