Function
A revaluation is an update of all assessments in the city conducted under the direction of the Board of Assessors. The Board of Assessors are state-certified individuals whose duties are to discover, list and value all real and personal property in the City in a uniform and equitable manner. The Board of Assessors is not involved in the collection of property taxes.
Property Improvements
Generally speaking, improvements that increase the market value of a property will increase the assessment. The following are typical item examples that may increase the assessment of your property:
- Added Bathrooms
- Added Rooms or Garage
- Central Air Conditioning
- Extensive Remodeling
- Fireplaces
- Substantial Modernization of Kitchen or Bathroom
Receipt of Application
Once the application is time-stamped as received by the Assessing Department, it cannot be added to, changed or withdrawn – it is accepted as is, once it is stamped with the date received. The Board of Assessors will accept an addendum with additional information and attach it to the application, if necessary. Make sure you make a case, give reasons you feel it is overvalued.
If you have a question, please come in for an application or contact the Assessors Department and an application will be mailed to you.
Property Repairs
Normal maintenance will help retain the market value of your property, but generally will not affect your assessment. The following examples are typical items that will not increase the assessed value of your property:
- Adding or Replacing Gutter Downspouts
- Lawns and Landscaping
- New Ceilings or Walls
- New Roof
- Replacing Furnace
- Replacing Windows
- Vinyl Siding or New Shingles
- Wiring Modernization
Frequently Asked Questions
The law requires that property be valued from an actual view or the best information available. We will be reviewing your assessment based on the existing records and sales of properties similar to yours. In addition we are currently updating our cyclical inspection (the law requires we inspect each property every 9 years). It is an ongoing project of re-measuring and relisting all the properties, which includes interior inspections.
The next Revaluation will begin in 2023 to be completed by October 2024.The resulting values will be effective as of January 1, 2024 for Fiscal Year 2025. These assessments will be the basis for the 3rd (or actual) tax bill, which will be mailed in December 2024.
State law required that all property in the City be assessed within 10% of market value every 5 years. A revaluation is the most equitable way to accomplish this.
Most likely, yes. However, not all property values will change at the same rate. Market values will have increased more for some neighborhoods and property types than for others. Some neighborhoods and property types may have decreased in value and others may have remained the same. One purpose of a revaluation is to make sure that the assessed values reflect the changes that have occurred in market/property values.