How is my assessed value determined?

Your market value or assessed value is determined:

  • The cost to reproduce the structure new, minus depreciation (any loss in value due to economic conditions, aging conditions, etc.), plus land value.
  • The value of the property in comparison to similar properties that have sold.
  • The value of the rental on income producing properties.

Show All Answers

1. What is assessed value?
2. How is my assessed value determined?
3. What other factors affect my assessment?
4. What home improvements or property improvements will raise my assessment?
5. What if I don't agree with my assessment?