Why do property values change?
  • A property's value may change for a number of reasons. The most obvious is that the property changes. A bedroom, garage, or bathroom is added, or part of the property is damaged by a fire.
  • The most frequent cause of a change in value is a change in the market. If a community's major industry leaves, property values can collapse. As older neighborhoods with good quality housing are discovered by young homebuyers, prices gradually rise and then may even soar as the neighborhood becomes fashionable. A shortage of detached homes in a desirable city neighborhood can send prices to extreme levels. In a recession, larger homes may stay on the market for a long time, but more affordable homes are in demand, so their prices rise.
  • In a stable neighborhood, with no extraordinary pressure from the market, inflation may increase property value.

Show All Answers

1. How do I change my mailing address?
2. How do I file for a homeowner's exemption?
3. How does the homeowner's exemption work?
4. How does the Assessor determine the value on my property?
5. How are the taxes on my property determined?
6. What is the annual tax cycle?
7. Why do property values change?
8. What is an occupancy tax?
9. Can I see a map of my property? May I purchase a copy?
10. What do the categories or group code numbers shown on the assessment notice mean?
11. How do I find out the name of a property owner and other details about the property?
12. How do I contact the taxing districts listed on my assessment notice?
13. How many taxing districts are there?
14. How do I change the name of the owner(s) on my property?
15. How do I correct the acreage on my property?
16. How do I correct or change the boundaries of my property, such as a lot line adjustment?
17. How do I convert my manufactured home into real property? Can I reverse a manufactured home from real property to personal property?
18. How do I change the location of my manufactured home? How do I change ownership on my manufactured home?