How will my taxes change as a result of the new assessment?
Although the value of your property affects your share of taxes, the actual amount you pay is determined by the budget needs of the schools, municipality, county, sewer district, etc. All of these taxing units decide what services they will provide in the coming year and how much money they will need to provide these services. These items are then presented to the City Council, School Board and County Commissioners for approval or disapproval.

Once the decision to approve a budget is made, a tax rate is set by the state that will generate the needed dollars. Your property taxes are then determined by taking your assessment, dividing by 1000, and multiplying by the tax rate. (assessed value/1000) x tax rate = taxes.

Show All Answers

1. What is a revaluation?
2. Why is a revaluation necessary?
3. When will the revaluation start?
4. Will all property values change?
5. Who will do the revaluation?
6. Will the person who inspects my property be able to tell me my new assessment?
7. Is it necessary that you view the inside of my property?
8. What if I refuse to let assessment personnel in my property?
9. You mention market value. What is it?
10. What if there hasn't been a recent arm's-length sale of my property?
11. What if there are no reasonable comparable sales?
12. I recently built my home. Will the actual construction costs be considered?
13. What will happen to my assessment if I improve my property?
14. Will my assessment go up if I repair my property?
15. How can my assessment change when I haven't done anything to my property?
16. How will my taxes change as a result of the new assessment?
17. Will I be notified if there is a change in my assessment?
18. What if I don't agree with my assessment?
19. What evidence do I need to present to the Board of Tax and Land Appeals?
20. Can I submit my mortgage bank appraisal as evidence of value?
21. What happens after the Board of Tax and Land Appeals makes its decision?
22. What if, after this informal hearing, I still disagree with the assessment?