About the Appraisal & Taxation System
While many people think the Property Appraiser determines
the amount of taxes each property owner pays,
in reality the title "Property Appraiser" explains it all.
The Property Appraiser and his staff are charged with
placing a fair and just value on each individual property in
Hamilton County. This is done using various methods
to be described below.
The role of setting the amount of taxes to be paid as a
result of the appraised value of a property is that of the
various taxing authorities, including the County
Commission, School Board, local municipalities and others.
These bodies use our appraisals as a base for setting the millage
rate. So, in a manner of speaking, your taxes could go up
or down, not due to the appraised value but due to millage
rates set by the taxing authorities. Your tax bill is
computed by the total taxes required of all the authorities.
The value of real estate fluctuates due to many factors. Factors
influencing value include property use, the
size and condition of improvements on the site and the
local real estate market.