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How can the value of property increase when I haven’t made any changes to my property?

Answer #353 -- ( Published 10/12/2005 10:53 AM | Updated 07/12/2017 10:40 AM )

How can the value of property increase when I haven’t made any changes to my property?

Your property’s value is determined by many factors. Your assessment can increase because your neighborhood is improving, the sales prices of homes in your area are increasing, and inflation. The value that the assessor assigns to your property is the amount that the assessor determines your property would sell for in today’s market.

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