Why do some properties increase more than other properties?

There are differences between individual properties and neighborhoods. One neighborhood may have sales that indicate a change in value, while sales in another may not reflect any change at all. Different types of properties within the same neighborhoods may also show different value changes. For example, one-story houses may be in larger demand than two-story houses, or vice versa. Older home values might rise slower than newer homes.

There are numerous factors to be considered by the assessor when reviewing property values, thus causing different areas and types of properties to change values at different rates.

Show All Answers

1. Why do we have property tax?
2. What is the authority given by state to conduct reassessments?
3. What is the definition of market value?
4. How is property appraised?
5. Why do assessed values change each reassessment?
6. How can a change be made without an interior inspection?
7. Do you have to let the assessor in when an inspection is requested?
8. How can my assessment change if I haven't done anything to my property?
9. Why do some properties increase more than other properties?