Each year the Sherman County Assessor’s Office is required to conduct a ratio study to establish real market value on all properties within the county. If the sales analysis shows an increase in sales prices for manufactured structures, then it is likely the real market value for manufactured structures will increase. If the analysis shows … Continued
FAQ Topic: Assessor FAQ
A manufactured home is considered personal property. If you own the manufactured structure and the land that it sits on your home can be recorded in the county deed records as real property which means it is “exempted” from the ownership document and is no longer personal property.
If you were still in business on the assessment date, January 1, you will need to file a return and indicate on your asset listing the equipment that was still in use at your business on January 1. If you went out of business prior to January 1, you will use your return to report … Continued
Taxes on Business Personal Property become delinquent whenever any installment is not paid on or before the due date. The tax collector will send a notice of delinquency showing the total amount due, including interest when any tax payment is not made. If no payment is received, the tax collector may: Issue a warrant for … Continued
Personal Property is subject to the same levy rate as Real Property. The Assessor depreciates the value of your Personal Property each year based on the list of equipment you have provided, which includes cost new and the original purchase date of each individual item. All of our depreciation schedules are based on guidelines set … Continued
Most people know that property tax applies to real property, such as land and buildings. However, some may not know that property tax also applies to Business Personal Property. The characteristic that distinguishes Business Personal Property from real property is mobility. Business Personal Property is property that is not affixed to, or part of, real estate. … Continued
The “improvements” listed on a tax statement refer to structures located on the property, dwellings, garages, shed, etc. It is not an indication that you have made any changes or “improvements” to your property.
Appraisers might visit your property to Verify the terms and conditions of a recent sale Verify and/ or update the property characteristics and condition Appraise new construction Appraise remodels and additions Appraise property for removal of exemptions or adjudications from prior appeals This is not an all- inclusive list. Appraisers may visit property for other … Continued
The Assessment date is January 1 of each year; the values that are on the tax statement you receive in October are a “snapshot” in time as of January 1. Example: you receive your tax statement in October of 2018 the effective date of valuation is January 1st, 2018
Responding to this type of letter is perhaps the most important way a property buyer or seller can help assist in the accuracy of Sherman County tax assessments. The Sherman County Assessor is required by law to value all property at real market value (ORS 308.232). This is defined as what it would sell for … Continued