Real Estate

Perry County Real Estate Market
Perry County and most of the cities and communities in the county have realized a steady and stable real estate market over many years with sustained growth. Since 2000, Perry County has added an average of 75 to 100 new houses per year to the tax rolls.

Benefits for Homeowners
Most homeowners benefit from our strong real estate market as they are usually able to sell their homes for more than they paid for them. Many homeowners who don't plan to sell their homes benefit also, however they are often surprised to learn how much their property may have appreciated based on sales of similar homes in their neighborhoods.

Market Value
The Assessor is charged with assessing all properties at their market value. A simple definition of market value is the price a property would bring when offered for sale by a person who is willing but not obligated to sell, and is bought by a person who is willing to purchase though is not forced to do so.

The State Tax Commission does a quarterly evaluation of our sales to determine how our values relate to sales occurring in the marketplace. The Commission also does their own appraisals on properties that have not sold, and then checks their determined values versus the values we have on the books to see if our assessments are in line with statutory guidelines.

Three Classes of Real Property
Class Assessment Rate
Class I: Residential 19% of market value
Class II: Agricultural and Horticultural 12% of market value
Class III: Commercial, Industrial, Railroad / Utility 32% of market value

More Information
More information is available on the following: