Comparable Property Sales Base Period
The value is based on real estate market activity during the 18 month data collection period that runs from January 1 of the previous odd numbered year to June 30 of the most recent even numbered year.
If there is not enough real estate market data collected during the 18 month, odd-numbered year period, the Assessor can use data collected back five years from June 30 of the most recent even-numbered year. Our office typically finds the optimum number of sales are derived from a 24 month period.
The Assessor’s Office gathers and maintains information on properties, including:
- Building measurements
- Construction type
- Construction costs
- Rental income, if applicable
Sources for this information are:
- Real property deeds and declarations
- Subdivision maps
- Building permits
- Local building contractors
- Property owners
- Declarations filed by owners of taxable personal property
- Onsite inspections by staff
Physical Changes in Your Property
A property’s value may increase or decrease as a result of physical changes.
- Improvements such as new rooms, a finished basement, or extensive remodeling and modernization will increase the value.
- Paint, a new roof or repairs may not increase the value but will keep the home in good condition so the value does not drop.