What happens during a Revaluation?

An inspection of each property has been conducted over the past few years where building dimensions and characteristics are noted. When possible, an inspection is made inside the property to count the number of bedrooms, bathrooms, etc. This is the data collection phase of the project. While the data collection phase is going on, appraisers are studying the sales and determining where the actual increases and decreases in value are occurring. This study of recent property sales allows comparisons to be made and appraisers to establish parameters to estimate the value of property that has not been sold. The appraisers then review this collected data and apply the determining factors of the sales analysis to come up with a value of each property. Each property owner receives an individual notice of the new assessment. Property owners can also review all of the assessed values; so that the property owner can see what the values are surrounding their property. All property owners are given the opportunity to discuss their values with the appraisal staff at an appointed time (hearings) towards the end of the revaluation. At a hearing, the property owner can voice concerns, discuss inaccuracies or discrepancies with the Assessor who will review the property record card and explain the value. Should an inspection or revaluation need to be done, the appraiser will make that determination and any changes that result will be sent to the property owner.