Understanding the Base Period
An overview of the base period and its significance in property tax assessments.
Posted by
Jack ClarkeRelated reading
The Assessment Appeals Process
A step-by-step guide to appealing your property tax assessment.
A guide to understanding the information on your property card.
Understanding Fair Market Value
Learn what Fair Market Value is and how it impacts your property taxes.
The base period is a specific time frame used by tax assessors to determine the value of properties for tax purposes. It is typically a period of several years.
Assessors use sales data from the base period to establish property values. This helps ensure that assessments are based on market conditions over a consistent time frame.
- It helps create a fair and consistent basis for property assessments.
- Understanding the base period can help you better understand how your property value is determined.
Knowing about the base period can help you make sense of your property assessment and ensure it reflects fair market conditions.