Property Appraisal Process

To find the value of any piece of property, the assessor must first know what similar properties are selling for, what it would cost to replace the property, how much it takes to operate and keep the property in repair, what rent it may earn, and many other dollar facts affecting its value, such as the current rate of interest charged for borrowing the money to buy or build similar properties.

Using these facts, the assessor can then go about finding the property value in one of three different ways: