How is the value determined on my property?

Values are most often determined by comparing your property with sold properties that are similar in location, design, size, age, and amenities. The Notice of Value you received in 2017 was based on sales that occurred between January 1, 2015 and June 30, 2016. This method is known as the Sales Comparison Approach to value.

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1. How is the value determined on my property?
2. What is the difference between actual value and assessed value?
3. How often is property revalued?
4. How are property taxes calculated?
5. Who sets the tax rate or mill levy?
6. How do I qualify for the Senior Exemption?