Each year, you have 60 days from the Notice of Assessment date to review your assessment and ensure it’s accurate. During this period, we encourage you to check your property details for accuracy, compare your assessment to similar properties and contact an assessor if you have questions or concerns.
Market value assessments
Market value is the estimated price a property would sell for in an open market between a willing buyer and seller. Assessments are done using mass appraisal techniques, meaning values are determined by grouping similar properties as of a specific date. The purpose of assessment is not to reflect a single sale price, but to establish fair, typical market values across all properties.
Factors that affect assessment values
Assessors consider many of the same factors that a homeowner does when they choose to purchase a home, including:
- location (proximity to the river, parks, golf courses, high-traffic areas)
- property size and lot characteristics
- building age, condition and quality
- recent sales of similar properties in the area
