What is Market Value?

The estimated market value should be the most probable sale price of a property in terms of money in a competitive and open market; assuming that a buyer and seller are acting prudently and knowledgeably; allowing sufficient time for the sale and assuming that the transaction is not affected by undue pressures. 

The Assessor’s Office works throughout the year to establish market values of each property as of January 2nd of each year for taxes payable the following year.

Show All Answers

1. What is Market Value?
2. How does the Assessor Estimate Market Value?
3. How is my Estimated Market Value established?
4. Why has my Estimated Market Value changed?
5. Does the Estimated Market Value change at the same rate on all properties?
6. What will happen to my estimated market value if I improve my property?
7. Will my estimated market value go up if I repair my property?
8. Am I notified about my Estimated Market Value?
9. What is a Quintile Review?
10. Will I be notified when my property is going to be reviewed?
11. What happens if I do not let the appraiser in my home?
12. How is my Estimated Market Value established?