2024 Revaluation

2024 Revaluation

About Revaluation

For a revaluation, real estate must be appraised at fair market value, which is the most probable price a property would bring in a competitive and open market, as of the revaluation effective date. Property values for a revaluation are determined by comparing what similar properties are selling for, what it would cost to replace a property, the potential income or highest and best use of the property, and many other factors. The current revaluation is effective as of January 1, 2024.

The results of the revaluation were presented to the Board of Commissioners on January 16, 2024.

 2024 Revaluation Important Dates

• October 16, 2023: Board of Commissioners adopted the Schedule of Values.
• January 17, 2024: Over 425,000 notices of value were mailed to property owners.
• March 1, 2024:  Deadline for property owners to submit requests for review of assessed value to Tax Administration
• April 24, 2024:  Board of Equalization and Review convenes for 2024.
• May 15, 2024:  Deadline for property owners to file a formal appeal to the Board of Equalization and Review
• Through Fall 2024:  Board of Equalization and Review considers all timely filed formal appeals.