How does the Assessor’s office evaluate the real estate market?

The Assessor’s office studies the real estate market for each property type using recent sale prices.  Since sales are directly recorded in the Assessor/Register of Deed’s office, the sale information is considered up-to-date and sales are individually verified by members of the assessment staff.  

Sale prices are considered a strong indicator of market value, so our team compares the sale price to the last recorded assessed value.   When the market trend in an area shows that sale prices have significantly increased or decreased since the last assessment, a revaluation is necessary to ensure assessments reflect market value as required by law.

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1. Why has my valuation changed?
2. How has the COVID-19 environment affected the valuation process?
3. How does the Assessor’s office evaluate the real estate market?
4. How is my assessed value determined?
5. How do I schedule an informal hearing?
6. I need to discuss my concerns with an appraiser. How do I schedule a telephone hearing?
7. What if my property is assessed higher than I could sell it for?
8. Can I schedule a single telephone hearing for multiple properties I own?
9. How long does a telephone hearing last?
10. How long does the hearing last for each property?
11. What should I prepare for a telephone hearing?
12. How will I know if my value has changed as a result of my submitted information?
13. What if I still disagree with the valuation?
14. What is the role of my assessor in property taxes?
15. Can I leave feedback regarding the customer service in the Assessor’s Office?
16. What does Adjusted Sale Price on the Comparable Sales Report mean?