How is my property valued?

Values are most often determined by comparing your property with  properties that are similar in location, design, size, age and amenities. The market value is derived using the sales of similar property from the prior year.

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1. How is my property valued?
2. What is a Statement of Consideration?
3. Why is my property valued at higher than the construction cost to build it?
4. What is the ISO (Insurance Services Office) rating for the Town and County?