The Monroe County Property Assessor Office actively assesses the property value of all homes and building within the county. Among these responsibilities, they also analyze and set parcel boundaries, issue improvement permits, accept property tax relief exemptions, keep records of ownership and property descriptions, and maintain a database of neighborhood pricing trends. Ultimately, a complete record of changes to your property will be kept at the Monroe County Property Assessor Office.

Keeping a database of neighborhood pricing is important when it comes to real estate for a number of reasons. First, houses within a neighborhood should all be priced fairly similarly. A home that is too expensive devalues other homes in the area.

Likewise, a house that is too expensive will make surrounding houses jump in value, which will destabilize the community. Permits for improvements must also be analyzed closely to see if they will negatively impact houses in the area. Developers, builders and home owners must comply with the recommendations and guidelines set by this office to maintain integrity.

Setting parcel boundaries help to regulate the maximum value of a particular piece of boundary. Small parcels will normally be homes and small businesses, while larger parcels can be used for large warehouses, office spaces and other businesses. This is imperative for keeping property values in line.

Records of home ownership as well as property descriptions will give property assessors a good tool that will assist them in judging whom to or when to issue improvement permits. Home ownership records are important for analyzing markets while property descriptions help to establish the value of a home. A home that is improved upon can be sold for a higher value. A property description is also a good tool for helping assessors without having to physically go to a property site.

The overall value of a particular piece of property will be used by an assessor to give it a value. Once a value is set, property taxes can be calculated. A percentage is calculated per every thousand dollars. Individuals with extenuating circumstances can apply for a tax relief exemption if they cannot pay the taxes. This is why keeping pricing trends in line with the neighborhood is important for keeping the community balanced.