When my neighbors house sells, will their price determine my assessment?

A single sale does not establish the market value of all the properties in that area. It is only by examining all of the arms-length sales (a willing buyer and a willing seller acting in an informed manner in the open market) that the Assessor can begin to discern the characteristics of the market. If the sale of your neighbor’s property is an arms-length sale, and if it occurred in the appropriate year, it will be included in the analysis of all sales town-wide and will be part of the data that determines the multipliers to be used to arrive at the new valuations.

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1. What is the Valuation Criteria?
2. What changes are made each year?
3. Why do different property assessments go up (or down) in different proportions?
4. When my neighbors house sells, will their price determine my assessment?
5. How will this new valuation affect my tax bill?
6. How can I get more information?
7. Why are the tax amounts on my bill different from what I paid last quarter?
8. My property value appears to be a little high, but I'm not sure if I'm over assessed. What should I do?
9. How do I file for abatement?
10. If I file an abatement request, do I have to attend a hearing with the Assessor?
11. What is a revaluation, and when does one occur?
12. Why do some assessments increase more than others after a revaluation?
13. If assessed values rise, do taxes have to rise?
14. Does the assessor need to inspect my house?
15. How do I file for homestead declaration?
16. How do I obtain property record cards online?