Do all assessments change at the same rate?
There are differences between individual properties and between neighborhoods. In one area, the sales may indicate a substantial increase in value in a given year. In another neighborhood, there may be no change in value, or even a decrease in property values.

Different types of properties within the same neighborhood may also show different value changes. For example, one-story houses may be more in demand than two-story houses, or vice-versa. Older homes in the same area may be rising in value more slowly than newer homes.

There are numerous factors to be considered with each property, which will cause the values to differ. Some of the factors affecting value are location, condition, size, quality, number of baths, basement finish and garages, among others.

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?