How is the assessment determined?
To arrive at “full and fair cash value” the Assessors must know what “willing sellers” and “willing buyers” will pay/receive for property. This is done by collecting, recording and analyzing a great deal of information about property and market characteristics in order to estimate the fair market value. This includes knowing the current cost of construction in the area and any changes in zoning, financing and economic conditions that may affect property values. The object is to estimate “full and fair cash value” as of January 1 (known as the “assessment date”) prior to the fiscal year that starts July 1.

For example, the assessment date for Fiscal Year 2016 is January 1, 2015 and Fiscal Year 2016 goes from July 1, 2015 through to June 30, 2016.

Show All Answers

1. What does an Assessor do?
2. What does an Assessor not do?
3. How is the assessment determined?
4. What do I do if I disagree with the assessed value of my property?
5. What is an exemption?
6. What is the qualification date for personal exemptions?
7. Who is an owner for personal exemption purposes?
8. Is a life tenant an owner?
9. Is a person whose domicile is part of the assets of a trust an owner?
10. How does a taxpayer obtain a personal exemption?
11. Are personal exemption applications public record?