Property Valuation Adjustments (Revaluations)

A Revaluation, or Market Update (statistical revaluation), is the process of updating all property values in town to reflect their current market value (i.e., to maintain reasonable estimates of what each property could sell for on the open market), as required by law.

Property valuation adjustments are always a challenge. The goal is to appraise thousands of properties, all at one time, to create uniform, equitable and fair assessments. We strive to follow established industry standards for mass appraisal; however, we recognize that there will be situations where the mass appraisal approach may produce an estimate of value that seems somewhat high or low for an individual property. We are committed to working with all property owners to ensure that every property is assessed at a reasonable estimate of its market value as of April 1.

Please be assured that the Assessor’s office will afford all property owners a chance for an informal meeting where you can appeal your new assessed value and ask questions about the assessment process until August 1, 2025.