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City of Centerville <br />Table of Contents <br />AssessmentCalendar......................................................................................................................... <br />3 <br />The2016 Assessment........................................................................................................................4 <br />QuintileAreas Inspected.....................................................................................................................5 <br />Reassessment..................................................................................................................................... <br />6 <br />MarketValue....................................................................................................................................... <br />6 <br />Authority of the Local Board of Appeal and Equalization..................................................................7 <br />LocalMarket Values..........................................................................................................................10 <br />2016 Market Value by Property Type..............................................................................................11 <br />Residential Appraisal System...........................................................................................................12 <br />SalesStudies.....................................................................................................................................12 <br />Sales Statistics Defined....................................................................................................................13 <br />Current Sales Study Statistics..........................................................................................................14 <br />Residential Tax Changes Examined................................................................................................15 <br />2016 Real Estate Tax Information....................................................................................................15 <br />AppealsProcedure............................................................................................................................16 <br />SampleMarket Value Notice............................................................................................................18 <br />Sample Property Tax Statement......................................................................................................20 <br />APPENDIX ......... 2015 Residential Annual Housing Market Report (Mpls Board of Realtors) <br />