Within the past 10 years, the statewide factor for improvements less than 51 years old has been as low as a 1.5 percent reduction for the 1993 tax bills to as high as a 3.5 percent increase the following year. These factors explain how someone's appraised value could increase even without improvements to the property. When the Strip was last reappraised in 1993, property owners found in many cases sharp increases in the appraisal of land compared to the prior reappraisal in 1988. Sun City is an example of how those values can vary even within a single development. Deputy Assessor John Boothby said Strip land values were not factored upward between 1988 and 1993 because most of the transfers occurred within the same corporation or family trust or involved stock options that were not recorded with the county.
Minor improvements are such things as wells and septic systems.
Read our policy on privacy and cookies.