The Commercial Department assesses a variety of income producing properties. The Commercial Department is responsible for over 30,000 properties. The assessment on your property reflects our estimate of the market value of the fee simple interest.
Different approaches are applicable or are given greater weight depending on the type of property.
Each year we request rent rolls and operating statements from the owners of several thousand commercial properties. This information is kept confidential per State Statutes. Rental rates, expenses, vacancy and other operating data are analyzed and compared to similar properties in order to establish a supportable assessed value estimate. Because the income can fluctuate from year to year, we request the information on an annual basis. At any time of the year you can request a review.