Real Property
The assessment process plays an important role in local government. Equitable assessments assure property owners that they are asked to pay only their fair share of the cost of operating libraries, schools, police protection, and other necessary services.
Property characteristics and other necessary information is stored, updated, and maintained for current and future use in the assessment process.
The purpose of the appraisals generated by the Cache County Assessors office is to estimate the market value for ad valorem tax purposes only. The effective date of the appraisals is January 1 of each year.
"Market Value" is defined as the most probable sale price of a property in terms of money in a competitive and open market, assuming that the buyer and seller are acting prudently and knowledgeably, allowing sufficient time for the sale, and assuming that the transaction is not affected by undue pressures.
Truth in Taxation Notices contains the property value and estimated taxes generated from the appraised value. They are mailed annually to property owners, in late July, and instructions to file an appeal are included in that notice.
If the taxpayer should disagree with the original value or other action of the assessor, they must file a written appeal with the Board of Equalization.
The Cache County Assessor's Office accepts information from property owners concerning property characteristics all year long and taxpayers are invited to review/discuss their specific property information with an appraiser.
Property owners who appeal during the Board of Equalization are encouraged to perform careful research and submit copies of evidence during each step of the appeal process.