How is property value determined? The county assessor must determine the fair market value of property using one or more of three generally accepted appraisal methods: The Market approach, Cost Approach, or Income Approach. Further detailed explanations on these methods can be found in ‘A Homeowner’s Guide to Property Taxes’. The frequency of changes in value to your property depends on your county’s revaluation cycle.
How do you appeal your property assessment? Appeals of assessed valuation are made to the county board of equalization. You can contact your county assessor or board of equalization for forms and information regarding the deadline to file your appeal.
Additional information regarding property valuation appeals is available by clicking here.