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The role of the
Assessor's office is to establish a value
for all property for tax purposes. The
Assessor is required by law to set that
value at 100% of market value and to assure
that all values are in equalization.
The Assessor does not create market value. Market
value is the price a willing buyer and seller would agree to under
ordinary circumstances. This does not mean that an individual sale
will automatically establish the value of a property. The Assessor
uses multiple sales of comparable properties in establishing value.
Taxable property is divided into two classes.
Real property includes land and all buildings, structures, and
improvements to the land. Personal property includes machinery and
equipment, fixtures, furniture, and other items that are movable in
nature. Personal effects which are not held for sale or commercial
use are not taxable.
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