How is my assessed value determined?

The assessed values of residential homes are primarily determined using sale prices of comparable homes in the area.  Commercial properties are valued using comparable sales, but also rely on more specific information, like rental rates, vacancy rates, or market capitalization, which are necessary to perform an income approach to estimate market value.  Agricultural or horticultural land valuation is conducted using sales of agricultural or horticultural land and determining market value per acre based on the use of the land in primarily irrigated, dryland, or grassland uses.  

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?