Residential Assessment Process
Assessing Residential Property takes into account several factors. The first thing we look at to determine “fair cash value” is comparable sales within the area. To determine “comparable” we most often look at homes that have sold with similar building characteristics.
Then, the assessor will take a physical measurement of the property to determine square footage. Using the comparable sales information, a dollar is assigned per square foot to determine a rough estimate of the value of the home. The amount can then be adjusted for additions in and around the home, or decreased for additional depreciation.
Any additional amenities will also then be assessed. This includes, but is not limited to, decks, patios, inground pools, sheds, garages or barns.
The land is then assessed based on the amount of land owned and usually based on what lots are selling for in neighboring areas.
Anything less than 10 acres is automatically assessed as Residential Property. If you think you may have an Agricultural Property, but have less than 10 acres, please see Agricultural Property.
If you do not agree with the taxable value of your residence, please see Appeal Process.