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How is property tax assessed

how is property tax assessed

How and Why Is Property Assessed?


The values for the general reassessment must be approved by the Board of Assessors and will be effective January 1 of the reassessment year. Once the assessed value is set, it will not change until the next general reassessment unless additional improvements are made or discovered.


Typically, general reassessments are not meant to be a county-wide tax increase. This process aligns values with the market so people pay their fair share of taxes based upon value of ownership. Once the reassessment is complete, the county is required to equalize the tax rate, rendering the reassessment revenue-neutral. It is the responsibility of the Board of Supervisors to determine the budgetary needs of the county and after a public hearing, determine the tax rate necessary to effectively meet those needs.


If there is a question about the property value after you receive a notice of reassessment, you may call the number listed on the notice and schedule a time to review the valuation. During general reassessment, there are three steps in the appeals process.

The first step is to appeal to the Board of assessors (BOA). The BOA is composed of the R/E appraiser employed by the assessment firm and they are responsible for reviewing questions regarding assessed value. Any request for

change must be supported by reasons why assessed value in incorrectly represented, i.e. incorrect information about property or not equalized. Most issues are resolved at this stage.

If you are unable to resolve your issue with the BOA, the next step is to appeal to the Board of Equalization (BOE). Franklin County's BOE consists of 5 members who are appointed by the Circuit Court of Franklin County to determine if the assessed value is true to market value and equitable to similar properties. When filing a formal appeal, the burden is on the property owner to show that the assessor has erred in the appraisal by providing evidence that the appraised value does not reflect market value of uniformity. Evidence should consist of sales of comparable properties in the area or information on conditions of the property not previously known to the assessor. If the appeal is based on conditions of which the appraiser was unaware, adequate documentation is required to support the claim.

If you disagree with the BOE's decision, the next level of appeal is to the Circuit Court of Franklin County. Appeals can also be made directly to the Circuit Court without appealing to the BOA and the BOE.

Neither the BOA nor the BOE is responsible for the amount of tax assessed after values are set. Again, the tax rate is set by the Board of Supervisors as a part of the budget process.

Category: Taxes

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