How were the new assessed property values determined?
The revaluation process is primarily determined by state law. Beginning 2006, county appraisers visited all properties to verify and update the countys property files. In some cases, they asked for permission to enter structures. During visits, appraisers looked for changes in conditions, such as changes in outbuildings, neighborhood trends, condition of the property, location and property features. Other factors considered include local markets, recent sales of comparable properties in the area, and replacement costs. In the end, the value should be close to current market value (the most probable sales price). Comparable sales included all sales of similar or like properties within the same area of the county between January 2007 and December 2008, but some sales are not considered, such as foreclosures and sales between relatives.
