Will making repairs increase the estimated market value?

Good maintenance will help retain the market value of a property. Generally, the estimated market value of a property will not be increased for minor repairs such as those that follow. However, a combination of these items could result in an increase in the market value of a home:

  • Replacing water heater
  • Repairing or shingling the roof
  • Repairing steps of porches
  • Repairing the original siding
  • Painting and decorating
  • Replacing plumbing or electrical fixtures

Show All Answers

1. What is market value?
2. How does the Assessor determine market value?
3. How close to actual value does the Assessor need to be?
4. How come values go up each year when no improvements are made to the property?
5. What kinds of improvements add to market value?
6. Will making repairs increase the estimated market value?
7. What can I do if the estimated market value or property classification is wrong?
8. What are the requirements for homestead?
9. Does an increase in estimated market value always mean an increase in property tax?