What happens during a Revaluation?

A physical inspection of both the interior and exterior of each property is conducted, where building dimensions and characteristics are noted. This is the Data Collection phase of the project. Each Data Collector carries an identification badge, a letter of introduction on Town letterhead and their cars are registered with the Police Department and Assessors Office. While the Data Collection phase is going on, Appraisers are studying the sales and determining where the actual increases and decreases in value are occurring. This study of recent property sales allows comparisons to be made and Appraisers to establish parameters to estimate the value of property that has not been sold. 

The Appraisers then review the collected data and apply the determining factors of the sales analysis to come up with a value of each property. Each property owner receives an individual notice of the new assessment. Property owners can also review the entire public assessed values, so that the property owner can see what the values are around his/her property. All property owners are given the opportunity to discuss their values with the Appraisal Staff at an appointed time, which will be publicly announced (Hearings) towards the end of the Revaluation. 

At a hearing the property owner can voice concerns, discuss inaccuracies or discrepancies with a qualified Appraiser who will review the property record card and explain the value. Should an inspection or re-valuation need to be done the Appraiser will make that determination, and any changes that result will be sent to the property owner.

Show All Answers

1. What is a Revaluation?
2. Why is a Revaluation needed?
3. What happens during a Revaluation?
4. What is an informal hearing?
5. If I disagree with my assessment after a hearing, what are my options?
6. What is market value and who determines my property value?
7. What qualifications do the appraisers have?
8. Why did my land value increase so much?
9. Will a Revaluation increase taxes?