What is market value?

Market value is defined as the amount a typical, well-informed purchaser would be willing to pay for a property. The seller and buyer must be unrelated, the seller must be willing, but not under pressure to sell, and the buyer must be willing, but not under any obligation to buy. The property must be on the market for a reasonable length of time, the payment must be in cash or its equivalent, and the financing must be typical for that type of property. If all of these conditions are present, this would be a market value, “arm's-length” sale.

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1. What is the assessor's role?
2. When I get my new assessment, who do I talk to about it and possibly contest the value?
3. How does the assessor value property?
4. What is market value?
5. I've heard values are developed by computer. Is this correct?
6. What will happen to my assessment if I improve my property?
7. Will my assessment go up if I repair my property?
8. How can my assessment change when I haven't done anything to my property?
9. Do all assessments change at the same rate?
10. How do I know if my assessment is correct?
11. Will I be notified if there is a change in my assessment?
12. What is the difference in value between an attached garage and an unattached garage?
13. If I add a shed to my property, will it increase my property valuation?
14. If I build a gazebo on my property, will it increase my property valuation.
15. Will a pool add value to my property?
16. Is landscaping included in my property valuation?
17. Is a driveways surfacing considered in the property valuation?
18. Will my fence have an effect on my property valuation?