Does the estimated market value increase at the same rate on all properties?

No, it does not. There are differences between individual properties and between cities or townships. In one area the sales may indicate a large increase/decrease in value, and in another area there may be very little or no change in value. Also, different types of property within the same area may show different value changes. 

There are numerous factors to be considered in each property which will cause value changes to differ. Some of the many factors that can affect value of a property include:

  • Basement finish
  • Condition
  • Garages
  • Location
  • Pole sheds
  • Quality
  • Size

Show All Answers

1. Why does the Assessor's Office exist?
2. Who determines my property tax?
3. What factors affect my property taxes?
4. Why has my property value changed?
5. Does a change in market value mean that my taxes will change?
6. How does the Assessor determine the estimated market value?
7. Are there any limits as to how much the estimated market value of my property can change in one year?
8. Does the estimated market value increase at the same rate on all properties?
9. Can the estimated market value change even if the appraiser has not been inside my property?
10. What will happen to my value if I improve my property?
11. Will my value go up if I repair my property?
12. Which Assessor assesses my property?