What does 100% of full and fair market value mean?

Current Market Value:

  • Typically motivated buyer and seller
  • Both parties are well informed or well advised and acting in what they consider their best interests
  • A reasonable time being exposed to the open market
  • Payment made in terms of cash and/or in terms of financial arrangements
  • The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions

Show All Answers

1. What do the Assessors do?
2. What can the Assessors not do?
3. Who do I call if I question the real estate tax amount?
4. Who do I call if I question the assessed value of my property?
5. How is the Department of Revenue involved?
6. What does 100% of full and fair market value mean?
7. What is Proposition 2 1/2, and how does it affect my assessment?
8. How do I check property information?
9. Can I view assessors' property maps?