What type of appraisal process is used by the Tax Department?

“Mass Appraisal” method is used, which is the process of valuing a group of properties as of a given date, using standard methods, employing common data, and allowing for statistical testing. In determining value, all three approaches to value, cost, market, and income are considered.

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1. Does the tax department adjust property values based on the current market conditions?
2. Who maintains the real property records?
3. Are tax value and current market value the same?
4. What prompts a visit from a Tax Department appraiser?
5. What is the LRK (Land Record Key) or PARID (Parcel ID)?
6. How often are properties revalued in Moore County?
7. What is considered an improvement to my property?
8. What type of appraisal process is used by the Tax Department?
9. How can I review my property information?