Real Estate & Personal Property Assessment
Fiscal Year 2020 Assessed Values
Difference Between Real Estate & Personal Property
There is a physical distinction to be made to determine whether property is Real or Personal.
Real Estate is the physical land and appurtenances, including structures affixed thereto in addition to the interest, benefits, and rights inherent in the ownership of real property known as the bundle of rights.
Personal Property is generally those items not permanently affixed to real estate. Personal property is movable and can be removed without serious damage to either the real estate or the item being removed. The three categories of taxable personal property are:
- Business and professional furnishings
- Household furnishings, in property other than a principal residence
- Personal property of public utilities
- What is the Valuation Criteria?
- What changes are made each year?
- Why do different property assessments go up (or down) in different proportions?
- When my neighbors house sells, will their price determine my assessment?
- How will this new valuation affect my tax bill?
- How can I get more information?
- Why are the tax amounts on my bill different from what I paid last quarter?
- My property value appears to be a little high, but I'm not sure if I'm over assessed. What should I do?
- How do I file for abatement?
- If I file an abatement request, do I have to attend a hearing with the Assessor?
- What is a revaluation, and when does one occur?
- Why do some assessments increase more than others after a revaluation?
- If assessed values rise, do taxes have to rise?
- Does the assessor need to inspect my house?