Why do assessed values change from year-to-year?
When market value changes, naturally so does assessed value. For instance, if you were to add a garage to your home, the assessed value would increase.

However, if your property is in poor repair, the assessed value would decrease.

The assessor has not created the value. People make value by their transactions in the marketplace. The assessor simply has the legal responsibility to study those transactions and appraise your property accordingly.

Show All Answers

1. What is market value?
2. Why do we have a property tax?
3. Why do assessed values change from year-to-year?
4. What are my rights and responsibilities?
5. What is Greenbelt?
6. How much property do I have to own to qualify to be on Greenbelt?
7. What do I have to do to apply to be on Greenbelt?
8. What happens if there is a question as to the agricultural use of the property?
9. What happens if the property is no longer farmed?
10. What is the deadline for filing a Greeenbelt application?
11. I am leasing some agricultural property. Can I apply for Greenbelt?
12. I am one of multiple owners on a property. Is it okay of I am the only one signing the application?
13. How often do I have to submit an application?
14. What is my property is being farmed by someone else?