In general, subdivisions are valued based on sales within that subdivision or of a comparable subdivision in the same market area. If the market does not provide adequate numbers of comparable sales, the appraiser must make adjustments to determine the true market value of the subject property. The approach involves analysis of recent sales of comparable properties. This method uses direct evidence of the market’s opinion of value for the subject property. The most common method of land valuation is the Sales Comparison Approach. Appeal Value: How do I appeal my value?įor information regarding the appeal process please go to file an appeal. Usually taxpayers vote for these districts and bonds, so the rates are applied to the Full Cash Value to determine taxes due.Ģ.
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