Properties with new construction (including incomplete structures) and one-sixth of the existing residential properties in the County are physically inspected and valued.Industrial, commercial, and multi-family properties are evaluated and new values are placed on properties to bring them to market value.State law requires that all property be valued at 100% of true and fair market value. Property owners are notified of any changes made to the land or improvements on their parcels. Under Annual Assessment, the Assessor's Office reviews all parcels in the county each year to set the value of the property to market value. Properties in Clark County are appraised on an Annual Assessment cycle. These designated areas are known as Cycles (see Physical Inspection Cycle Map). One sixth of the county’s residential parcels are physically inspected each year while one fourth of the commercial industrial and multi-family parcels are physically inspected each year. However, only properties in designated areas of the county are physically inspected by appraisers as part of the valuation process. Regardless of its category, every real property is valued each year. Residential - Properties and lands zoned and/or used for single-family purposes, including duplexes and condominiums.Multi-Family - This category includes lands and structures zoned and/or used for residential purposes that have more than two living units.Industrial - Industrial lands are those lands and structures zoned and/or used for industrial purposes, such as manufacturing or fabrication.Commercial - These properties are zoned and/or used for commercial purposes, including retail, restaurants, offices, etc.There are four categories of real property assessments. Mobile homes and floating homes are valued as real property. Real property includes land, improvements attached to the land, such as buildings, and improvements to the land, such as driveways and bulkheads. Property Tax Exemption - Seniors and Persons with Disabilities.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |