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How does the assessor determine my assessed value?
To ensure properties are assessed uniformly and at 50% of market value, the assessor uses a two year sales study. The sales are organized by neighborhoods. A neighborhood can be a single subdivision or a grouping of subdivisions with similar characteristics. If the sales in a neighborhood increase or decrease then all of the properties will be affected by what the sales have indicated. This insures that all properties are assessed at 50% of market value as of tax day - December 31.

Assessing

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1. Where can I find information about a piece of property?
2. What do the terms assessed value, state equalized value, and taxable value mean?
3. How does the assessor determine my assessed value?
4. I just bought my property. Why isn’t my assessment exactly half of the sale price?
5. Why doesn’t my assessment appear to reflect current market conditions?
6. How can my taxable value increase when my assessment stays the same or decreases?
7. What is a Principal Residence Exemption?
8. What is personal property?
9. Where and when do I file a personal property statement?
10. What if I don’t file a personal property statement?
11. What type of information do I include on the personal property statement?
12. What if some of my equipment is used equipment?
13. My accountant has fully expended some items of personal property. Do I report it?
14. What if I move or close my business during the year?


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