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Assessing The Value Of Your Property
Have you ever wondered how often your county assess the value of your home?
Property assessments are typically conducted from one to three years, regardless of whether values have gone up or down. Instead, the goal is to determine fair market value and establish a basis for property tax bills.
However, when a property is sold or refinanced then in some jurisdictions the value may be brought current to reflect the latest financing or sale changes, regardless of the most recent assessment.
For specifics, contact your local assessment office. They typically have a brochure or web page to explain their version of the process.
If you do not agree with the appraised value of your property, you are encouraged to contact your local county assessor's office.
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