Hopefully, if you own property your property taxes have been paid for the 2014 year. It’s the Cache County Assessor’s office where the amount you pay is ultimately decided and that’s a big job for long-time assessor Kathleen Howell because she said her office must determine the value of approximately 46,000 parcels of property each year.
On <a href=”http://610kvnu.com/assets/podcaster/328/2014_12_13_328_28508_2867.mp3″ target=”_blank”>KVNU’s Crosstalk program Friday</a>, Howell said the goal is to try to come up with a value the property would likely sell for on the open market. She said to determine the market value means you must be certain that all taxpayers are treated the same.
<span>”It means that if we were valuing lots, for instance, in one subdivision,” Howell explained. “If all things were equal then you would expect to see the value on each of those lots the same.</span>
<span>”Now if one lot had a view and another lot didn’t, then you might see a difference in the lot. But it’s to make certain that we’re treating all tax payers the same in reference to market value if all things are equal.”</span>
So she said it is not measuring not only market value but what the adjacent properties are valued at as well. She said this is different for appraisers not involved with taxpayers who only have to deal with one piece of property.