What is a revaluation, and when does one occur?

State law requires that all property be assessed at fair market value. As the market changes, property values change. Every three years, the state does a lengthy review of property values and certifies that they meet Department of Revenue requirements. There are usually changes to value during this certification year, but assessors may also update values in the interim years to reflect changes in the real estate market. Fiscal 2016 was the most recent revaluation; the next scheduled full revaluation will be Fiscal 2019.

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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?