Why does my property value change each year?
The law requires the Assessor-Treasurer's Office to value property at 100% of the true and fair market value. True and fair market value is defined as the price a willing buyer will pay a willing seller. Assessed values are affected by the local real estate market and the real estate market is directly influenced by supply and demand. This affects the cost of materials, labor, and other incidentals required to build, market, and sell a home. We are required to conduct an annual statistical update of assessed values based on real estate transactions. Even if you have not made any improvements to your home, your value continues to follow the market activity in your neighborhood.

Show All Answers

1. When are my property taxes due?
2. How do I pay my property taxes?
3. Why does my property value change each year?
4. What can I do if I disagree with my assessed value?
5. Why haven't I received my tax statement yet?
6. How often does the Assessor-Treasurer's Office inspect my property?
7. What gives the Assessor the right to photograph or enter my property uninvited?
8. What will happen if I don't pay my first half tax in April?
9. My mortgage company should pay my taxes but they haven't. What should I do?