What causes property values to change?

A property's value can change for many reasons. The most obvious is that the property changes: a bedroom, garage, or swimming pool is added, or part of the property is destroyed by flood or fire. The most frequent cause of a change in value is a change in the market.

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1. What is the time period considered in the 2021 sales study?
2. What is the time period considered in the 2020 sales study?
3. How is your property value estimated?
4. What causes property values to change?
5. What is a State Equalized Value?
6. What is Capped Value?
7. What is Taxable Value?
8. Why isn’t my new assessment 50% of my purchase price?
9. Sale prices are going down in my neighborhood, why hasn’t my assessment gone down?
10. What is the time period considered in the 2020 sales study?
11. How do I qualify for the homestead or PRE exemption?