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City of Centerville <br />The 2012 Assessment <br />The 2012 assessment should be a reflection of the 2011 market conditions. Sales of <br />property are constantly analyzed to chart the activity of the market place. The <br />Assessing staff does not create value; they only measure its movement. <br />Assessing property values equitably is part science, part judgment and part <br />communication skill. Training as an assessor cannot tell us how to find the "perfect" <br />value of a property, but it does help us consistently produce the same estimate of <br />value for identical properties. That after all, is the working definition of equalization. <br />As of January 2, 2012, there were 1,609 parcel /accounts in the City. That is up 12 <br />parcels from 2011. This total includes: <br />• 1,452 residential parcels <br />• 95 non - taxable parcels <br />• 79 commercial and industrial parcels <br />• 2 apartment/nursing home /man. housing parcels <br />• 0 manufactured home accounts <br />• 1 personal property accounts <br />• 0 railroad parcels <br />• 8 agricultural parcels <br />• 0 utility parcels <br />Current state law mandates that all property must be re- assessed each year and <br />physically reviewed once every five years. We also inspect all properties with new <br />construction each year. During 2011 1 reviewed 302 existing residential & <br />commercial properties. <br />A map illustrating the areas we recently reviewed and those areas to be visited in the <br />future is presented on the following page. <br />4 <br />