Property Tax Assessments

Assessment is the process of assigning a dollar value to a property for tax purposes. This value is used to calculate the amount of taxes that will be charged to the owner of the property. 

  1. Assessment Value
  2. Assessment Roll
  3. Appeals
  4. Seupplement Assessment

Assessment Value

Assessment value is determined by market value. The market value is the price a property might reasonably be expected to sell for. The assessment is based on the July market value from the previous year.

Your assessed value can be different from the bank mortgage appraisal or real estate appraisal. Private appraisers evaluate property according to market conditions on the day they complete the appraisal. Municipal assessors determine the property values and conditions at set dates so all municipal assessments and subsequent taxations have a fair and equal base.