Who determines the assessed value of my California real estate and how is it determined?
The the County Assessor’s office of each county, is elected by the people, and is directed by the California Constitution to assess all taxable property within each County. By law, the assessment and appraisal of property involves forming an opinion of a property’s value by a real estate appraiser with the assessors office and listing that value on the assessment roll. In preparing the assessment roll, appraisers in the Assessor’s office estimate a property’s full cash value utilizing several methods. Appraisal is an art and not an exact science and the appraisers opinion of value is based on consideration of comparable sales, cost data and in the case of other types of real estate, income & expenses, market capitalization rates, and other relevant appraisal methods used to determine value by an appraiser with the County Assessor’s office. How do I know what the assessed value of my property is? Click on the get property tax information link by county above. A valuation card/letter is
The the County Assessor’s office of each county, is elected by the people, and is directed by the California Constitution to assess all taxable property within each County. By law, the assessment and appraisal of property involves forming an opinion of a property’s value by a real estate appraiser with the assessors office and listing that value on the assessment roll. In preparing the assessment roll, appraisers in the Assessor’s office estimate a property’s full cash value utilizing several methods. Appraisal is an art and not an exact science and the appraisers opinion of value is based on consideration of comparable sales, cost data and in the case of other types of real estate, income & expenses, market capitalization rates, and other relevant appraisal methods used to determine value by an appraiser with the County Assessor’s office. How do I know what the assessed value of my property is? Click on the get property tax information link by county above. A valuation card/letter is
Related Questions
- What does Assessed Value of real estate mean? How is real estate tax due on a particular parcel of real estate calculated?
- What is the difference between the Appraised Value and the Assessed Value of a parcel of real estate?
- Who determines the assessed value of my California real estate and how is it determined?
