What is an "appraisal"?

Regardless of whether an appraisal is performed by a bank, a mortgage company, a private fee appraiser, or the County Auditor, the goal is still the same; to estimate today's fair market value (selling price) for a piece of real estate. In other words, if your real estate (land and/or buildings) would sell for about $80,000 in today's real estate market, your appraisal should be in the $75,000 to $85,000 range.

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1. What does the new construction program do?
2. Why check for new construction every year?
3. Will someone visit my property?
4. What if no one is home during the day?
5. How does the County find out about new structures?
6. What happens if I don't report a new structure?
7. What is an "appraisal"?
8. Will I have a chance to discuss my new appraisal?
9. Will this new building affect my taxes?
10. When would a change appear on my tax bill?
11. How and why do taxes increase?
12. If I have questions, who do I call?