Process

• An assessor, or an elected official, determines the property assessments. The assessor estimates the market value of the properties, then calculates the assessments. The assessor reviews and updates this information annually.
  
  

Percentage

• Each of the properties in a community is assessed at the same rate based on classification. These classifications are residential, commercial and agricultural. The state determines the assessment percentages.
  
  

Appeal

• A property owner may appeal a property assessment if she feels the market value is incorrect. The appeals process typically takes place once a year before a local board of review.