How is my assessment determined?

Buyers and Sellers determine Market Value.  The estimated fair market value of your real property is based on an analysis of the market for the full year prior to the completion of the revaluation project. Your real property’s assessment is based on its estimated fair market value at the time of revaluation.


Appraisers will analyze the recent sales in order to make comparisons and set valuation parameters (models) which will be utilized to estimate the value of properties which have not been sold.



Show All Answers

1. What is a Revaluation?
2. Why is a revaluation needed?
3. What is a Grand List?
4. How is my assessment determined?
5. When will I find out what my new assessment is?
6. What factors affect value?
7. How will I know if my assessment is equitable?
8. What if I don’t agree with my new assessment?
9. What information do I bring to the Informal Hearing?
10. What if I still don’t agree with the decision from the Informal Hearing?
11. Who makes up the Board of Assessment Appeals?
12. What can the Board of Assessment Appeals (BAA) do?
13. What if I still don’t agree with the decision from my Formal Appeal to the Board of Assessment Appeals?
14. What about the elderly and other hardship cases?
15. When will the new assessments be effective?
16. How are my taxes determined?