What affects market value?
The location of a property will affect value; a location near or on the waterfront may add value, whereas, a location near a smog-ridden industrial plant may reduce value. The supply and demand for particular types of property will also affect market value. Physical characteristics such as size, type of construction, age and condition, all have an effect on property value.

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1. Why does Portsmouth assess at "market value"?
2. What is fair market value?
3. What affects market value?
4. How does the Assessor’s Office obtain information?
5. How is property value determined?
6. What if there are no recent sales in a neighborhood?
7. Why do assessments change each year?
8. Why do some properties sell for more or less than their assessed value?