What is Market Value and who determines my property value?
Market Value is determined by the activity in the Real Estate Market and the general economy. The value of your property is based on an analysis of the entire market for the full two calendar years before the completion of the Revaluation project.

The market can generally be defined as, you, the person who sold the property to you, and the person willing to buy it from you. It is the Assessor’s job to research and analyze the values in any particular area or neighborhood, essentially performing the same tasks that a property owner does to determine the selling price when putting their property up for sale.

To ensure fairness, an Assessor has specific guidelines to follow. Examples of factors that are examined for each property include:
- Age of improvements
- Location
- Quality of construction
- Size
- Topography
- Utilities
- Zoning restrictions (if any)

Show All Answers

1. What is a Revaluation?
2. What happens during a Revaluation?
3. How will the homeowner be notified of the new assessment?
4. How will I know if my assessment is equitable?
5. What is an informal hearing?
6. If I disagree with my assessment after a hearing, what are my options?
7. Will a Revaluation increase taxes?
8. What is Market Value and who determines my property value?
9. What about elderly and veterans exemptions?
10. Do I have to let the Assessors Office inspect my property?
11. What if I have questions or concerns regarding the Revaluation process?