By law, the Assessor must consider a variety of market based information in appraising different kinds of property:
Vacant Land: Sales of similar land taking place during the study period adjusted for time and physical differences such as size, topography and access to amenities.
Residential Homes: Market sales of similar homes, taken from the current study period adjusted for time and property differences such as size, location, or age.
Commercial Property: Market sales of similar commercial property; income and cost. The Assessor's job is to analyze all pertinent information and reconcile it into an accurate, fair estimate of value.