Property Appraisal

A property's assessment is based on its market value. Market value is how much a property would sell for under normal conditions.

Assessments are determined by the assessor, a local official who estimates the value of all real property in a community. Most assessors work for a city or town, though some are employed by a county or village.

For Example, if the market value of your home is $200,000, and assessments are at 25 percent of market value in Anderson County, your assessment should be $50,000.

In communities assessing property at 100 percent of market value, your assessment should equal roughly the price for which you could sell your property. In communities assessing at a percentage of market value, the estimated market value of each property is listed on the tentative assessment roll.

Find out more about how property assessment works »