A physical review of all properties in the county happens every 5 years.
How we assess your property
Your property is assessed based on a variety of factors.
Factors
Real estate sales, market, and values
The current real estate market influences the assessed value of all types of property.
We look at how prices increase, decrease or stay the same.
We compare sales prices of similar properties.
Commercial, industrial and apartment property prices are affected by a more complex set of factors than residential property.
Impact of real estate value on property assessments (PDF, 1MB)
Use and condition
The condition, use and any improvements affect the assessed value.
Classification
Classification is based on how a property is used and helps determine tax rate.
Classifications include:
- Residential
- Agricultural
- Apartment
- Commercial
- Industrial
- Utility
For income-producing properties we also look at market rents, vacancy rates, and capitalization rates.