Calculating market values and property taxes doesn’t happen overnight. The process of collecting open market sales data to determining market values to calculating taxes to actually collecting property taxes takes more than three years from start to finish. See the value and tax timeline.
How the process works for 2015 property taxes
- Oct. 1, 2013–Sept. 30, 2014: Data from open market sales of property is collected to form basis of the 2015 assessment.
- Oct. 11, 2014–February 2015: The Assessing Office uses the data to establish the 2015 market value.
- Jan. 2, 2015: The "as of" date the 2015 market value for taxes payable in 2016 is effective.
- March 2015: Assessing Office sends every property owner a Notice of Valuation, explaining the market value of the property as of Jan. 2 for taxes paid in 2016.
- March–May 2015: Residents can appeal the market value.
- November 2015: Proposed Tax Statements for 2016 are sent out.
- March 2016: 2016 Property Tax Statements sent.
- May 2016: First half of property taxes due.
- October 2016: Second half of property taxes due.
For questions about the process, call 651-438-4200.