What will happen if I put an addition on my property? Are the actual construction costs of a new home used to determine the new assessment?
Historical sales have indicated that larger properties sell for more than smaller properties with all other factors being equal. If an addition is put on a home, the house becomes larger. The assessors would then have to see what similarly sized properties were selling for in the neighborhood. It is highly likely that the assessed value of your property will increase once the addition is put on the property. Generally speaking, improvements that increase the market value of a property will increase the assessment.

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1. Where can I find the detail on my property?
2. What do the assessors look at when determining an assessment?
3. How do I know if my valuation is fair and equitable?
4. How can my assessed value increase (or decrease) when I did not do anything to the property in 5 years and I am not selling the property?
5. What will happen if I put an addition on my property? Are the actual construction costs of a new home used to determine the new assessment?
6. Why did my valuation change from the prior year’s valuation more (or less) than my neighbor’s?
7. I think my assessment is out of line with my neighbor’s property, whose property is assessed lower. What do I do if I want my assessment to be as low as theirs?
8. I recently purchased my home for a price which is different than the valuation for this year. How is this possible?