What are assessments?
Assessed value (AV) is 50% of the “usual selling price” of a property. A mass appraisal approach is used to develop the assessment. The mass appraisal approach is a blend of the cost approach and the use of a market indicator (economic condition factor or ECF) developed by the sales in each assessment neighborhood.

Show All Answers

1. What are assessments?
2. What is true cash value?
3. What is taxable value?
4. If I put an addition on my home, how will it impact my assessment / taxable value and my taxes?
5. How do I change my name or mailing address on my assessment and taxes?