What type of assessment involves structural changes?

An added assessment specifically addresses situations where improvements or structural changes have been made to a property after the last assessment date. This can include new construction, renovations, or enhancements that have increased the property's value. Local tax authorities use added assessments to account for these changes, ensuring that the property is taxed based on its current value, which reflects the enhancements made.

This method of assessment updates the property's tax liability to accurately reflect the increased value resulting from the construction or refurbishment. Regular assessments, on the other hand, typically refer to periodic evaluations of property value, which may not account for new developments made after the last assessment cycle. Adjusted assessments focus on correcting prior assessments based on various factors, while appeal assessments involve reconsideration of property assessments on formal appeal by property owners. Each of these processes serves a different purpose and does not directly involve the immediate recognition of structural property changes like added assessments do.