Will my new assessment be exactly the same as my recent purchase price?
Probably not exactly, all sales between April 1 and March 31 will be used to determine new assessments. Your purchase price is one sale out of hundreds that will be used in the analysis. Your assessment will reflect the most probable sale price you would expect to receive. Where comparable sales are rare or non-existent in your neighborhood, sales from similar areas in the City will be used to determine value.

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1. Why are types of properties valued differently?
2. What sales will be used in determining market value?
3. Will assessed values change as the market values of property changes?
4. Will my new assessment be exactly the same as my recent purchase price?
5. What if I disagree with the new assessment?
6. When should I expect to receive my tax bill?
7. How do I know if the information the City has on record is accurate?