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1. 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.

2. What is true cash value?

The term refers to the “usual selling price” of your property.

3. What is taxable value?

This term refers to the value capped by Proposal A, which is multiplied by the millage rate to calculate your tax bill. It may not increase annually greater than the lesser of 5% or the inflation rate plus the value of losses and additions caused by physical changes in that property that are not present on the record card. The taxable value equals the assessment if the ownership of the property is transferred.

4. If I put an addition on my home, how will it impact my assessment / taxable value and my taxes?

This addition will be added at 50% of true cash value to the assessment and the taxable value. The taxable value for the original property will continue to be calculated in the capped value formula. The new value will add to your taxes. Contact the assessor and an estimated value and tax consequences can be calculated.

5. How do I change my name or mailing address on my assessment and taxes?

To do this, contact the Assessor’s Office to process name and mailing address changes. Name changes will require documentation. Examples of documents are: marriage license, driver’s license, Quit Claim Deeds, or death certificates.