Once the estimate of market value has been determined, the assessor calculates a percentage of that value to arrive at assessed value. The percentage is based on the classification, determined by the type of property or how it is used. The percentages are:
Commercial & all other 32%
As an example, a residence with a market value of $100,000 would be assessed at 19%, which would place its assessed value at $19,000.
By rickbradley|2022-03-30T16:26:55+00:00March 30th, 2022|Comments Off on How is my assessment established?