1999 Full Revaluation performed, all property information obtained by on-site inspection
2002 Perform Market Update - (none performed)
2005 Perform Market Update
2008 Perform Market Update or perform a Walk around Revaluation to assure property information is accurate
2011 Perform Walk around Revaluation if not performed in 2008 or perform Market Update
2014 Perform Market Update
2017 Perform Market Update
2020 Perform another Market Update or start the whole process over by performing a Full Revaluation (Confidence in property record card information will determine approach will be performed)
2023 If Market Update was performed in 2020, a Full Revaluation should then be completed
This schedule was determined using both past and current market conditions. Should Real Estate prices appreciate differently in the future, this schedule could be modified to react to the current market either shortening or lengthening the time between revaluations.
The goal is to maximize uniformity and equity between all properties so each is assured of a fair portion of the tax burden.
The cost of the annual contract during while performing a walk around or full revaluation would be reduced for any duplication of work.
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