Why Did My Values Change?
The Taxable Value can change because of a boundary change, new construction, a change in use, a mandatory five year reappraisal, factoring in years a reappraisal is not done, or any combination of these factors.
- Boundary changes occur when old parcels are either divided or combined.
- New construction includes new buildings, additions, remodeling, etc.
- Changes in use can include such changes as converting a residence to office or retail use or land from agricultural use to residential use.
- Reappraisal of property is done annually. Improvements are recalculated to current cost of replacement, less depreciation and land is revalued to reflect the current market.