Why do values change?

State law requires that all real property be reassessed every two years. The current law requires the reassessment to occur in odd-numbered years. Changes in market value as indicated by research, sales ratio studies, and analysis of local conditions as well as economic trends both in and outside the construction industry are used in determining your assessment. If you disagree with the assessor’s estimate of value please consider the following two questions before proceeding:

  • What is the actual market value of my property?
  • How does the value compare to similar properties in the neighborhood?

If you have any questions about the assessment of your property feel free to come in and discuss them with the assessor.

Written Protest

You may file a written protest with the Board of Review, which is composed of three or five members from various areas of the assessing jurisdiction. The Board operates independently of the assessor’s office and has the power to confirm any assessment or to adjust it either upward or downward.

Appealing the Decision

If you are not satisfied with the decision of the Board of Review you may appeal to the district court within twenty days after adjournment of said Board, or twenty days after May 31st, whichever is the latest.

Show All Answers

1. What is market value?
2. How does the assessor estimate market value?
3. Why do values change?
4. What's the difference between Assessed Value and Taxable Value
5. How are agricultural properties assessed?
6. When are State Equalization Orders issued?
7. How do I protest my valuation?