Understanding Reassessment

By periodically reassessing all properties, the tax burden is fairly and equitably distributed and adjusts as the local market values change.

If properties of different market value all pay the same amount of taxes, the burden is not fairly distributed and properties with a higher market value pay the same amount as those with a lower market value.

Appraisers physically inspect properties and gather market data in an effort to ensure we have the most up to date information available.

Building permits are one of the available resources appraisers use when determining whether a change to the property affects its value.

A mass appraisal system allows the Assessor's Office to compare large groups of properties with recent sales and adjust values to bring in line with the market.

No two properties are exactly the same.

The Assessor's Office must consider all factors when settling a value. New construction, damage or deterioration, and external neighborhood changes influence a property's value.

Depending on the market at each reassessment date, overall property values may rise, fall, or hold steady.

Property taxes are local taxes that pay for local services. The City government does not collect or use all of the property taxes. Rather, about 19% of property taxes paid are used by the City government.