Do all assessments change at the same rate?
No, not necessarily. There are differences between individual properties and between neighborhoods. In one area, property sales may indicate a substantial decrease in value in a given year. Yet in another neighborhood for example, there may be no change in value, or even an increase in property values. Different types of properties within the same neighborhood may also show different value changes. For example, one-story houses may be more in demand than two-story houses, or vice versa. Older homes in the same area may be declining in value more slowly than newer homes. There are numerous factors to be considered in each property, which will cause the values to differ. Some of the factors which can affect value are: location, condition, size, quality, number of baths, number of bedrooms, finished basement, garages, overall condition as well as many others.

Show All Answers

1. How can I request a review of property assessment?
2. When the Assessor visits and wants to inspect my home, do I have to allow him inside?
3. How can I contact the Village Assessor?
4. When was the last community revaluation? When is the next revaluation expected?
5. Some of my neighbors have told me the only reason for the reassessment is to raise taxes. Is this true?
6. Why do you need to inspect the interior of my home?
7. What if I refuse to allow the assessor into my home?
8. How does the assessor value property?
9. What can I do to ensure a fair and reasonable assessed value for my property?
10. Do all assessments change at the same rate?
11. What is the bottom line?
12. Can the Assessor enter my property without my permission?