The county conference board consists of the mayors of all incorporated cities whose property is assessed by the county assessor, one representative from the board of directors of each high school district who is a resident of the county, and members of the county board of supervisors.
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Income Approach. If the property is an income producing property, it could be valued according to its ability to produce income under prudent management; in other words, what another investor would give for a property in order to gain its income.
The income approach is the most complex of the three approaches because of the research, information and analysis necessary for an accurate estimate of value. This method requires thorough knowledge of local and national financial conditions, as well as any developmental trends in the area of the subject property being appraised since errors or inaccurate information can seriously affect the final estimate of value. Why Values Change.
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Notification and Appeal. If you have any questions about the assessment of your property, please contact your assessor's office.
Important Dates. January 1. April 2 through April May 1 thru Adjournmen t. July 1. January to November 1. October 9 thru October Skip to Main Content. Sign In.
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Home Government Departments Assessor. Welcome to the Floyd County Assessor's Office online resource. It is our goal to provide information to the public regarding the duties of the assessor and various services offered by this office. We hope that you will find this information to be beneficial and informative. Thank you for visiting the site and have a great day. This would include residential, multi-residential, commercial, industrial and agricultural classes of property.
The Deputy Assessor also must pass a state examination as well as successfully complete 90 hours of classroom instruction of which at least 60 hours are tested. The Conference Board approves the Assessors budget and after a public hearing acts on adoption of same.
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The Assessor is constrained by statute to a levy limitation for the budget. The limit depends on the value of the jurisdiction. Taxing jurisdictions such as schools, cities and townships, adopt budgets after public hearings. This determines the tax levy, which is the rate of taxation required to raise the money budgeted.