Why doesn’t my assessment appear to reflect current market conditions?
When you receive your notice of assessment, taxable value, and property classification at the end of February; the market may have changed since tax day (December 31), and may have changed since March 31 of the previous year, which marks the end of the sales study period. State law requires assessment to approximate 50% of market value. When market values are rising, assessments are typically less than 50% of the market value by the time assessment notices are mailed because of the change in market conditions that have occurred between the time of the sales study and when the notices are mailed.

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1. How do I read my Assessment Notice?
2. Where can I find information about a piece of property?
3. What do the terms assessed value, state equalized value, and taxable value mean?
4. How does the assessor determine my assessed value?
5. I just bought my property. Why isn’t my assessment exactly half of the sale price?
6. Why doesn’t my assessment appear to reflect current market conditions?
7. How can my taxable value increase when my assessment stays the same or decreases?
8. What is a Principal Residence Exemption?
9. What is personal property?
10. Where and when do I file a personal property statement?
11. What if I don’t file a personal property statement?
12. What type of information do I include on the personal property statement?
13. What if some of my equipment is used equipment?
14. My accountant has fully expended some items of personal property. Do I report it?
15. What if I move or close my business during the year?
16. Can the information contained in the assessment record for my property be changed if I disagree with it?
17. How much will my taxes increase if I make repairs/renovations to my home
18. How is my property assessed if it is under construction