What is market value and who determines my property value?

Market Value is determined by people, by the activity in the Real Estate Market and the general economy. The value of your property is based on an analysis of the entire market prior to the completion of the Revaluation Project. The market can generally be defined as, you, the person who sold the property to you, and the person willing to buy it from you. It is the Appraisers job to research and analyze the values in any particular area or neighborhood. In effect, they do what you would do to determine the selling price when putting your property up for sale. Only the appraiser has specific guidelines to follow. Factors that are examined for each property are: location, size, quality of construction, age of improvements, topography, utilities, zoning restrictions, if any, etc.

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1. How will I know if my assessment is equitable?
2. If I disagree with my assessment after a hearing, what are my options?
3. What happens during a Revaluation?
4. What is a Revaluation?
5. What is an informal hearing?
6. What is market value and who determines my property value?
7. What qualifications do the appraisers have?
8. Why did my land value increase so much?
9. Why is a Revaluation needed?
10. Will a Revaluation increase taxes?