How is Market Value established?

The best evidence of market value is the arm's length sale of reasonably comparable properties. These are properties similar to yours in location, age, style, condition, and other features that affect market value, such as the square footage of living area, bathrooms and size of garage, etc. For more information please call us at 508-693-3554 x201

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1. Why are property value adjustments necessary?
2. How is Market Value established?
3. What if there are no reasonably comparable sales?
4. I have recently built my home. Will the actual construction costs be considered?
5. What will happen to my assessment if I improve my property?
6. Will my assessment go up if I repair my property?
7. How can my assessment change when I haven't done anything to my property?
8. What if, after the bill goes out, I still disagree with the assessment?
9. What evidence do I need to present to the Board of Assessors?
10. How will my taxes change as a result of the new assessment?