Legal Disclaimer

The assessed values contained herein have been provided by the Office of Property Assessments, pursuant to a court-ordered property reassessment. All property data has been provided by the Office of Property Assessments and includes information provided by the property owner, if submitted, from a survey provided in 2011. The data does not include minor, detached structures such as garages, swimming pools and sheds that may be assessed to the parcel. Sales prices are for the latest recorded sale and may not reflect invalid sales such as sheriff sales, love and affection sales or multiple parcel transactions. In the case of newly constructed buildings, the amount of the sale may reflect only the purchase of the vacant land; therefore, sale-to-assessed-value comparisons can be misleading. The assessed value for your property was set according to professional standards established by the International Association of Assessing Officers (IAAO). The Office of Property Assessments (OPA) considers three approaches to value: sales comparison (also known as market value), income and cost. OPA chooses the approach that will result in the most accurate current market value for a property. The market approach is based on the assumption that the recent selling price of comparable properties, when properly analyzed and adjusted, will yield a reasonable estimate of current market value. OPA analyzed recent sales in each neighborhood and compared similar houses to determine the market value. The income approach is based on the assumption that a property is worth the future income, discounted to present worth, which it will generate for a prospective buyer. The income approach is widely used in the valuation of various types of investment properties. The cost approach is necessary in cases where the property has unusual characteristics or does not have enough comparable properties. The cost approach is based on the assumption that the replacement cost of a building, less depreciation (loss in value), plus the land value yields a reasonable estimate of market value. Property owners who are dissatisfied with their assessed value have the opportunity to appeal that value by filing a formal appeal with the Board of Property Assessment Appeals and Review. The Board is a separate entity from the Office of Property Assessments with the authority to hear appeals and make decisions that can change assessed values. The property owner and the taxing bodies are notified and the appeal decisions are regularly posted on the website. Local and County values may differ due to various abatement programs. To see information on the abatement programs for which you may qualify, please go to the Property Assessments Home Page. For best printing, remove left and right margins.