It is fair for your assessment to increase at a rate greater than the city average. The city average can be misleading. The city has in excess of 50,000 parcels of real estate which increase at different rates, depending on the location. The city average is a composite of all these different rates; therefore, the average rate of increase is not a true reflection for any specific parcel.
Each assessment is established according to fair market value on July 1. This is a legal mandate and the assessor has no authority to cap assessments at a certain percentage increase, or use an average factor to adjust assessments. If you have any questions, please email the Real Estate Assessor's Office.