Why has my valuation changed?

Changes in the real estate market are the likely reason for your value change.  Since the county assessor is required by law to assess all taxable property at market value, when the market changes significantly, assessed values follow suit. 

Assessed value changes may also be due to physical changes to your property that affected its market value.   Additions, renovations, demolition of existing structures, or physical deterioration are common examples.   For agricultural land, changes may have resulted from a reassessment of agricultural land based on new soil classifications required by legislative change to Neb. Rev. Stat. §77-1363. 

Show All Answers

1. When can I file a formal valuation protest?
2. Why has my valuation changed?
3. How does the Assessor’s office evaluate the real estate market?
4. How is my assessed value determined?
5. What if my assessed value is higher than I could sell it for?
6. What if my property information listed is incorrect?
7. How do I file a formal valuation protest?
8. What is the role of my assessor in property taxes?
9. Can I leave feedback regarding the customer service in the Assessor's Office?