How is my value determined?

Assessed values for Fiscal 2023 are as of January 1st, 2022. They are based upon the calendar 2021 sales of similar properties. The property that sold in your neighborhood last month is not considered in the current assessments. Unlike a "Fee Appraisal" for a mortgage, Assessor's utilize "Mass Appraisal". Assessors analyze an entire year's sales, looking at assessment-to-sales ratios and different property characteristics. The analysis compares similar properties using factors such as size, location, style, age, quality, and condition. Utilizing a CAMA (Computer Assisted Mass Appraisal) system, they apply this analysis equitably across all the properties in Town. The effectiveness of this relies on accurate data to evaluate that people paid X for Y.

A word of caution, before proceeding. When filing for an abatement, assessments can go up if errors are found that need to be corrected.

Show All Answers

1. How do I check ownership or valuation of property i.e. Property Record Card?
2. How do I change my mailing address?
3. Where can I get a copy of a deed and/or plot plan for my property?
4. When do I file for overvaluation abatement?
5. Where do I file an abatement application?
6. When are real property tax bills mailed and payments due?
7. What do I need to do if my mortgage company pays the taxes on my property?
8. Why should I pay interest on late payment when I never received my tax bill?
9. How can I change the tax bill to my name, after purchasing a parcel of property?
10. Who is responsible for the taxes if a property is sold after January 1?
11. What should I do if I recently sold my property, but I am still receiving a tax bill?
12. Where can I go for more information?
13. Why did my taxes go up?
14. How are my taxes calculated and what do these bills represent?
15. How is my value determined?
16. Why did my value go up more than others in my neighborhood?
17. Why did my value increase more this year than past years?
18. What can I do about it?