Reviewing your Assessment
Market value assessments
Market value is the amount that a property might be expected to realize if it is sold on the open market by a willing seller to a willing buyer. Market value assessments are done using mass appraisal techniques. This determines property values by grouping similar properties as of a specific date. The purpose of assessment is not to reflect a single sale price, but to assess all properties at typical market value on the same valuation date.
Assessment value factors
Assessors consider many of the same factors that a homeowner does when they choose to purchase a home. Some of the factors that determine the value of your home include:
Unique locational factors such as proximity to golf courses, parks, ponds, river, train and high traffic areas attribute to your assessment value.