Show All Answers

1. How will construction affect my property's value?

If the construction is new, a reappraisal is required. If it is a replacement, a reappraisal is not required. In appraising new construction, the market value of the addition is determined and added to the value of the existing property. The value of the existing property does not change. If a construction project is not complete on January 1, the market value of the incomplete construction is determined and added to the assessment roll.

2. Does a change in ownership affect a property's value?

When a change in ownership occurs, an appraisal is made to determine the new market value of the property, if required. The transfer of property between husband and wife does not require a reappraisal for property tax purposes. In addition, the transfer of the principle place of residence and up to $1 million of any other real property between parents and children or between grandparents and grandchildren is also excluded from reappraisal if an application is filed and meets the necessary requirements. The application must be filed within three years of the transfer date or before the property has sold to a third party.

3. What should I do if I believe my property's value is less than the assessment?

The assessor’s office is required to lower the assessed value of any real property if it is higher than the current market value on January 1 of each year. Each case is reviewed individually upon request of the property owner / assessor. The fair market value is reviewed annually until the value equals the factored base year value of the property. If you believe that the market value of your property is less than the current assessment, contact the assessor’s office at (530) 458-0450 for a review.