In most states of the United States, house owners receive an appraisal notice from tax assessors and appraisal districts. This notice includes the new value of their home based on the calculations of these authorities. However, it’s shocking to see that some houses get an increase over 50% in just a year. What’s even more shocking is that they get these increases even though they haven’t added anything new – yet alone major constructions. They also haven’t received any visits from any tax assessors. So, how is this possible? CALCULATING HOME VALUE Normally, these home values are estimates most especially when no tax assessor has come up to your property to collect data. They often use collected data from before and then use various methods to calculate your current home value. VISITATIONS Several factors go into assessing a home such as the following: Square footage Lot size Location of property Age of house Style of home In a proper appraisal, a t...