How is property valued?

State law requires that County Assessors value all taxable property at 100% of its true and fair market value in terms of money, according to the highest and best use of the property. All real and personal property is subject to tax. Recent sales of comparable property are used to help set values.

Show All Answers

1. How is property valued?
2. What is market value?
3. How often does the county appraise my property?
4. If the house next door sells to an out-of-state buyer for much more than it is worth, will it affect my taxes?
5. Do I have to let the county appraiser come into my house or onto my property?
6. How do I appeal the assessed value?
7. Is it possible to make a "ballpark estimate" of how much the taxes will be on a piece of property that I am thinking about buying (or a structure that I might build)?
8. Why do property taxes vary throughout the county?
9. What is the 101% lid law?
10. What is the personal property tax?