Option A. Appraisal - Professional Fee Appraisal with an effective date within 6 months prior
to January 1 is preferable, however all recent appraisals (within two years prior to Jan 1) can be
accepted. You must attach a full copy of the appraisal including a copy of the signature page.
Appraisals completed after January 1 are outside the assessment window and may not be considered
valid as evidence.
Option B. Cost (For Commercial Properties Only) - Cost Approach to value can be used
in recently constructed commercial property. You must provide a summary of construction costs, an
appropriate appraisal of land value, and any other evidence you feel supports your opinion of value.
For commercial or agricultural buildings only. This is NOT a basis of appeal for a residential property.
Option C. Destroyed - For any property destroyed prior to January 1 for any reason that
renders the property uninhabitable or unusable. Statements from insurance companies, local governments or
other qualified sources are required to verify destroyed status.
Option D. Factual - Factual error relates only to “physical” characteristics of the property
which are significant enough to affect the county’s assessment of “Fair Market Value”. Provide a full and
complete explanation of the error and supply supporting evidence.
Option F. Income (For Commercial Properties Only) - This method of valuation is for income
producing commercial property, industrial property, or apartments, including 2 to 4 unit buildings. It cannot
be used for rented condos, rented single family residences or basement apartments. If using this method, please
- Rent roll for the prior year ending December 31.
- Evidence of an appropriate vacancy rate.
- The prior year’s income and expense statement for this property.
- Evidence of the appropriate rate of return (capitalization rate) to be applied to the net operating income
for this property.
If this property is owner occupied you may submit equivalent data for comparable commercial or
industrial properties with evidence to justify similarities or differences from this property.
Option F. Inequity of Assessment - Inequity refers to when a property of similar size/configuration
has been valued by 5% higher or lower than similar comparable properties in the local area. Provide valuations, tax
notices, or other county records of similar properties in your local area that support your opinion of value. All
properties submitted as supporting evidence must closely match the subject property in size, configuration and age.
Minimum of three (3) is requested but up to five (5) is preferred.
Option G. Market Approach - Provide all details such as age, land area, location, quality, size, style,
etc. The more similar the comparable properties are to the subject property being appealed, the greater the consideration
they will be given. Provide sales evidence in a listing full print format and, if possible, a Real Estate Agent comparative
market analysis (CMA) report. Sales completed prior January 1 will be considered the strongest evidence. Sales completed
after January 1 are outside the assessment window and may not be considered.
Option G. Recent Purchase - Purchase of the property within one year prior to January 1. You must make
a copy of the closing statement, settlement statement or HUD-1 disbursement documentation from sale of this parcel. If an
appraisal was completed for this transaction please submit a copy of the full appraisal. Distressed sales (short sale or
bank-owned) may not be reflective of full market value.