What causes property values to change?

The most frequent cause of change in value results from a change in the market. When market value changes, so do the assessed values. A property’s value can also change for other reasons, such as additions, garages, remodeling, or damage or destruction.

Show All Answers

1. What is reassessment?
2. Why have reassessments?
3. What should I expect from reassessment?
4. What is the reassessment process?
5. How will I know if someone has visited my property?
6. What causes property values to change?
7. What is “Fair Market Value?”
8. What do my real estate taxes go towards?
9. How can I tell if my reassessment is fair and accurate?
10. What do I do if I disagree with the assessed value?