Procedure & Review

Real Estate Assessments

All assessments of real property are reviewed and reevaluated each year to determine its value for tax purposes. The Assessor’s Office appraises all real property, including land and structures, based on "fair market value". Comparable properties are used to determine the estimate of value as well as to maintain equity between similar properties.

The Assessor’s Office inspects, lists and determines values of all new construction, including renovations and additions to existing structures.

Assessment Process

Assessments are determined by applying accepted methods of valuation according to the assessment and real estate appraisal profession. The appraisal staff uses many types of information to determine value:
  • Review past and present sales prices of comparable properties to analyze sales trends in a neighborhood or area
  • Review and revise building construction costs based on the fluctuating market prices for materials
  • For income producing property, analyze the operating/maintenance costs and rental rates to evaluate earnings
By employing these methods, the staff adjusts prior year assessments to reflect any changes in current fair market value. This type of appraisal is defined as "mass appraisal" which as the term implies, is a method of appraising large numbers of properties at one time by using certain techniques and methods of assessment. Consideration is given so that uniformity and equity of valuation may be achieved among all properties which are comparable.

Assessment Review 

All real property is reviewed annually. Property selling prices are important indicators of value and are evaluated by appraisal staff throughout the year.

Any building permit activity resulting in a change for a particular property will be verified and the property record will be updated accordingly to reflect the new value.

A neighborhood review is performed

annually in different areas of the city. The appraisal staff verifies property listings to ensure that our records are accurate.

Site Plan/Plat Review and Recordation
Plats submitted to the City Assessor should have proper delineation and area calculation of all wetlands, sub-aqueous or otherwise undevelopable land to ensure proper valuation and assessment. Parcel combinations, mini-sub(s), and/or splits, and referencing documents should include Map-Parcel designations for each piece being combined/split. All references to former DB & PG and Map-Parcel information must be included. Corresponding previous legal descriptions are helpful.