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1. How are my taxes calculated?

How to calculate your tax bill

2. What creates a property tax increase?

• Budget requirements of the county voted on by the commission
• Improvements to existing property increases the "fair market value" and, therefore, the assessed value.
  • The assessor has not created the value. People make value by their transactions in the marketplace. The assessor simply has the legal and moral responsibility to study those transactions and appraise your property.

3. What is fair market value?

Fair market value is the price for property which would be agreed upon between a willing and informed buyer and a willing and informed seller under usual and ordinary circumstances. It shall be the highest price estimated in terms of money which property will bring if exposed for sale on the open market with reasonable time allowed to find a purchaser who is buying with knowledge of all the uses and purposes to which the property is best adapted and for which it can be legally used.