Real Property Assessment

Real property assessment is the process of determining the value of a property—such as land, buildings, and improvements—for taxation purposes. Assessors evaluate factors like the property's size, condition, location, and market value to establish a fair value. This assessment helps local governments calculate property taxes, which fund public services like schools and infrastructure. The goal is to ensure each property is taxed based on its true worth, promoting fairness and consistency in the tax system. Assessments are typically done periodically and can be appealed if property owners believe their valuation is inaccurate.