![]() This includes both real and personal property. The Assessor is responsible for discovering, listing, and valuing all taxable property. The sale must be an arms-length transaction between a willing buyer and a willing seller to fit the description.įor more information on assessments and valuations, please visit the Assessor page. What is market value?Ī simple definition of market value is what you could sell your property for in today’s market. If you still disagree with the assessment, there are formal appeals that you may take.įor contact information, visit the Assessor's staff directory. We welcome an opportunity to explain the assessment and listen to valid reasons as to why you feel your property value is too high.Īssessment records are public information, and you can also compare your assessment with any other properties that you choose. What if I think my property is over assessed?īy all means, come in and talk to the Assessor. More information on the Assessor's Department's responsibilities can beįound on the Assessor page. Prepare and certify the assessment of all taxable parcels in Itasca County Notification to property owners of the value and classification of their property Locate and identify all taxable properties Estimate the market value of each taxable parcel Collect all the data and characteristics necessary to make a proper and informed assessment Begin the review and appeals process for all property owners by holding local board of equalization meetings, county board of equalization meetings and appearing in tax court if necessary By studying the certificates, Assessors have a good idea of what other properties will sell for.Īnother method of determining value is based on the current cost of replacement less all depreciation that has occurred.įor more information, visit the Assessor's page. The assessor measures market value by reviewing the selling prices of similar properties in local areas.Ī Certificate of Real Estate Value is completed on all real estate transactions. How does the assessor measure market value? The Assessor will use frontage quantity and quality measurements, lake characteristics and area lake sale rates to determine a lakeshore valuation.įor detailed information, please visit the Lakeshore Valuations page.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |