FAQ Topic: Assessed Value
The letter you received is an assessment change notice. If you don’t agree with the assessed value on your home, contact Accurate Appraisal by calling the number on the assessment change notice letter.
The process to appeal the appraisal is called the Board of Review process. This annual process is normally completed in July with regards to the assessed value for the upcoming tax bill. Assessed values cannot be changed for the year once the Board of Review is closed. A revaluation of property values is done every … Continued
Not necessarily. The fact that a property sells for less than the assessed value does not automatically reduce an assessment. The assessor’s office reviews sales annually and compares those sale prices to the assessed value. Typically, if the assessment is within 10% of the sale price, the assessment will remain the same. For those properties … Continued
The average assessed value of a home for 2022 is $450,960.
The Village Assessor Accurate Appraisal. A revaluation is done every year to help the Village continue to stay as close to the 100 percent of fair market value as possible. If you should have any questions or wish to request an Assessment Review of your home, please call Accurate Appraisal at 1-800-770-3927.