How often are property values updated?
A trienniel property value appraisal occurs every three years. During the trienniel process, the appraisal is conducted through software and does not include a visual appraisal. The software compares values of sold homes by geographic area. On the sixth year, the state requires a revaluation of all real property. The county is required to visually inspect each property to determine the real property value. Greene County completed the 2014 revaluation and is concluding Board of Revision hearings. The next revaluation will be conducted in 2020.

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1. How does the county determine property value?
2. How often are property values updated?
3. What can I do to ensure my value is correct?
4. I think the auditor's appraisal value is too high for my property. What are my options?
5. There are several foreclosure sales in my neighborhood, what is the impact on my property value?
6. If my property value is decreased, does that mean I will see a reduction on my taxes?