What cause property values to change?
A property's value can change for many reasons. The most obvious is the property changes. For example, a bedroom, garage, or swimming pool is added, or part of the property is destroyed by flood or fire.

The most frequent cause of a change in value is a change in the market. When market value changes, so does assessed value. People make value by their transactions in the marketplace. It is important to remember the assessor does not create this value. The assessor simply has the legal responsibility to study those transactions and appraise your property accordingly.

Show All Answers

1. Why have a property tax?
2. What authority does the City have to Conduct a Reassessment?
3. What is a market value?
4. How is Property Appraised?
5. What cause property values to change?
6. What is the role of the computers in the assessment process?
7. Can the assessment on my property be changed even if the assessor has not been inside my property?
8. Will I penalized if I don't let the assessor in when an inspection is requested?
9. Will my assessment go up if I repair my property?
10. How can my assessment change when I haven't done anything to my property?
11. Do all assessments change at the same rate?
12. Do all assessments change at the same rate?