Does the Estimated Market Value increase at the same rate on all properties?

No, it does not. There are differences between individual properties and between neighborhoods. In one area the sales may indicate a large increase in value in a given year. In another neighborhood there may be very little or no change in value. Different types of property within the same neighborhood may show different value changes. There are numerous factors to be considered in each property, which will cause value changes to differ. Some of the factors that can affect value are location, condition, size, quality of construction, the number of baths, basement finish, garages, and many others.

Show All Answers

1. How are my Real Estate taxes determined?
2. Why has my value gone up?
3. Who is my Appraiser?
4. What is Estimated Market Value (EMV) and how does the assessor determine it?
5. Are Property Estimated Market Valuation increases limited to 15%?
6. Can my Estimated Market Value change even if the assessor has not been inside my property?
7. How can I judge the accuracy and fairness of my value and classification?
8. Does the Estimated Market Value increase at the same rate on all properties?
9. What is a Property Identification Number (PIN)?
10. What is a Special Assessment?
11. Who determines my property tax?
12. Why is the amount of taxes on my tax statement I received in March/April different than what was shown on the Notice of Proposed Taxes that I received in November?
13. Will my Estimated Market Value go up if I repair my property?