HOW CAN MY TAXES INCREASE?
When voters approve additional taxes, your property tax bill may go up. Your bill can also increase if your property’s market value rises, because the assessed value usually goes up with it. If you improve your property—such as adding a garage, building another room, or installing a swimming pool—its fair market value will likely increase. When that happens, the assessed value may increase, too.
The assessor does not create your property’s value. Buyers and sellers determine value through their actions in the real estate market. The assessor’s job is to review those sales and set a value for your property based on what similar properties are selling for.
