-
Frequently Asked Questions
|
|
| Q: I plan to add another room
on my home. Will you reappraise my entire property? |
| A: No. Only the value of your new addition
will be added to your current assessed value. |
| Q: If I get married and add my
spouse as Joint Tenant on the deed to my property, will my property be reappraised? |
| A: No. An interspousal transfer
is not reappraised. |
| Q: I added a bedroom and did
the work myself. Will I only be assessed on the cost of the materials? |
| A: No. New construction is assessed at the
market value added to the property. |
| Q: I just bought a house from
my brother. Will I be assessed on the price I paid? |
A: Not necessarily. Real property is
valued at its current market value at the time it changes ownership. In a majority
of cases, the sales price equals market value, but not always. |
| Q: If I sell my boat after
January 1st, am I responsible for the taxes? |
A: Yes you are. The lien on ownership and
the responsibility for the taxes is established on
January 1st for the following tax year
beginning July 1st. |
| |
|
|
|
| |