Why would my assessed value change if I haven’t made any changes to my property?

The cost of building a home and the prices citizens are paying to buy property in Wise County will impact the value of all local real estate. Our office has no control over whether values go up or down, but we are required by State Law to reflect all market fluctuations in our assessed values.  This can happen even when there has been no change to a subject property.

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1. Why is a General Reassessment required?
2. Isn't it true that my assessed value should be less than what my property would actually sell for?
3. Why would my assessed value change if I haven’t made any changes to my property?
4. How can I be sure the assessors are qualified to value my property?
5. Isn't it true that you reassess so you can raise taxes?
6. I have heard there are programs in place to assist veterans, the disabled, or senior citizens in paying their taxes. How can I know if I qualify?
7. Why did my property change at a different rate than the County average?
8. How do I respond once I receive my Reassessment Notice?