When appraising commercial real estate the Assessor generally applies the three generally recognized approaches to value. This leads to three separate indications of value. These values are then reconciled to arrive at a final value conclusion. Under the cost approach the value of the land is estimated first. To that the replacement cost of the buildings or improvements are added.

Residential and rural properties are appraised under mass appraisal systems that conforms to State laws and Administrative Rules. Values based on market sales are established for each property. As well, a reduced Measure 50 value is established. That value, called maximum assessed value, equals the value in the 1995-96 tax year less 10%. The reduced value may only increase a maximum of 3% each year. Residential and rural properties are appraised using a market related cost approach. See similar questions...

The County Assessor is responsible for placing a value on Taxable Personal Property. If you have questions regarding tax payments or tax rates please contact the Jackson County Payment Center or call (541) 774-6541. Taxable personal property includes machinery, furniture, etc. held for use in a business. This includes any property that is being used in the business, and property not currently being used, placed in storage, or held for sale. See similar questions...

The Counter Assessor is responsible for placing value on manufactured structures. If you have questions regarding tax payments, or need a 113 (one-one-three) form in order to remove, exempt from titling, or change ownership on a structure, please contact the Jackson County Payment Center at 774-6541. Manufactured structures may be classified as either real property or personal property and valued at its on-site value for each January 1. See similar questions...

least once every five years, the property appraiser or a staff appraiser will visit and inspect each property. However, individual property values may be adjusted between visits in light of sales activity or other factors affecting real estate values in your neighborhood. Sales of similar properties are strong indicators of value in the real estate market. See similar questions...

State law governs everything the Assessors do. Therefore, if the Board of Assessors does not comply with state law (48-5-343) the county governing authority will be assessed costly penalties (48-5-345,346) if assessments do not meet state regulations or fair market value. See similar questions...

Almost anything that can be owned by a person or company can be appraised. Property can be categorized according to the main appraisal disciplines: business valuation, gems & jewelry, machinery & technical, personal property and real property. Machinery & technical includes such specialties as agricultural, computers & high tech, cost surveys, machinery & equipment, mines & quarries, public utilities, and railroads. See similar questions...

An estimate of the monetary value of a property on the open market; an estimate based on a property's type and condition. Appraisal is used to establish minimums to pay property taxes. See similar questions...

The appraised value of your land is the Assessor's estimate of its market value, taking into account its location, zoning, actual use, etc. The appraised value of your improvements is their estimated replacement cost less depreciation. Your taxes will based on your total assessed value, which is 35% of your total appraised value. See similar questions...

Unlike real property, business personal property is reappraised annually. The owners of all businesses must file a property statement each year detailing costs of all supplies, equipment, fixtures and real estate (if any) at each location. Although you may no longer own the business, you are required to complete the business property statement and advise the Assessor of the new owner. If you owned the equipment on January 1, it is assessable to you. (Business inventory is exempt from taxation. See similar questions...

In general you do not have much control over the appraised value of a property. The appraiser is assumed to be neutral, objective and capable of providing an unbiased valuation of the property. Here are some things you can do in the event you believe the appraised property value is too low: Review the comparable sales used by your appraiser: Drive by the comparable sales shown in your appraisal and compare them to yours. Contact your real estate agent and loan officer and get their opinion. See similar questions...

If you think your value may be in error, your first step should be to contact your Assessor and discuss the value with a staff member. The Assessor's office has the ability to correct any errors prior to December 31 each year without you having to file an appeal. They also have a wealth of sales information for you to present if you choose to appeal the value. You also have the right to appeal if you believe you were charged a late filing penalty in error. See similar questions...

Revaluation is done for all residential and commercial land and structures on land in Iredell County, such as houses, garages, offices, etc. Revaluation does not include property such as motor vehicles. If your Tax Card shows a “96” or “97” code, it has not yet been appraised for 2007. See similar questions...

There are three approaches to value stipulated in the Florida Statutes: 1.) "Direct Sales Comparison", 2.) "Replacement Cost", and 3.) "Capitalization of Income". Please keep in mind, however, that the best evidence of the fair market value is when several properties similar to yours sell. The property's fair market value can be determined employing one or more of three different methods. The first method is to find properties like yours which have recently sold. See similar questions...

If your opinion of the value of your property differs from the Property Appraiser's Appraisal, you are encouraged to come in and discuss the matter with us. Also, If you have evidence that the appraisal is more than the actual fair market value of your property, we will welcome the opportunity to review all pertinent facts. See similar questions...

The Humble ISD Tax Office does not appraise property. This is done by Harris County Appraisal District (HCAD). Contact HCAD for dispute resolution at (713)957-7800. HCAD is the only authority to charge the appraised value of properties within the Humble ISD boundaries. Yes, unless you qualify your homestead for a Tax Deferral. However, your tax liability is only postponed and not canceled. Your delinquent taxes will continue to accrue at the rate of 8% per year once the deferral is granted. See similar questions...

The Tarrant Appraisal District is responsible for appraising all property in Tarrant County. The telephone number is (817) 284-0024. See similar questions...