In a stable neighborhood, with no extraordinary pressure from the market, inflation may increase property value. When market value changes, naturally so does assessed value. For instance, if you were to add a garage to your home, the assessed value would increase. However, if your property is in poor repair, the assessed Value would decrease. The assessor has not created the value.
People make value by their transactions in the market place.
The assessor simply has the legal responsibility to study those transactions and appraise your property accordingly. If your opinion of the value of your property differs from the assessor s, by all means go to the office and discuss the matter. Staff will be glad to answer your questions about the appraisal and explain how to appeal if you cannot come to an agreement. The assessor s office relies on the property owner for information. You can help by providing accurate information.