If I bought my house last year, shouldn't the value be the same as what I paid for it a year ago?

The sale by itself doesn’t necessarily indicate market value. However, factors such as the date of sale versus the date of appraisal (which is January 1 of the tax year), other comparable sales within the subject neighborhood, etc., will be evaluated along with the sale of the property in making a final determination.

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1. What does the Assessor do?
2. Will the value of my property change every year?
3. At what value is my home appraised for property tax purposes?
4. How is my home appraised for property tax purposes?
5. Are mobile homes taxable?
6. How does the Assessor determine market value?
7. Does the Assessor visit my property?
8. If I bought my house last year, shouldn't the value be the same as what I paid for it a year ago?
9. When will I be notified of the value of my property?
10. How can I determine whether or not the appraisal of my home is accurate?
11. What can I do if I believe the value of my home is incorrect?
12. Why is Reappraisal necessary?
13. How are reappraisal values established?
14. How does structural damage affect appraisal value?
15. What if property owners disagree with their appraisal values?