If my home value went up 15%, will my taxes go up 15% too?

A property valuation increase does not equate to a property tax increase. While we do expect a shift in tax burden from commercial to residential properties for taxes payable in 2023, many factors will determine the amount each taxpayer owes, including property classification, individual value change and homestead market value exclusions.

Show All Answers

1. What caused the historic increase in value?
2. How does the City Assessor determine the market value of my home?
3. What factors determine a property’s value?
4. If my home value went up 15%, will my taxes go up 15% too?
5. What happens if the sales prices go back down this year?
6. I just moved into a home. Who do I speak to about homesteading?
7. Who are City appraisers and what are their credentials?
8. What is market value?
9. What does the Assessor's Office do?
10. What is the difference between 'Estimated Market Value' and 'Taxable Market Value'?
11. How does my property value affect my property taxes?
12. What if I disagree with the assessor’s value?
13. Can I pay my property taxes at City Hall?