What are Comparable Properties

The basis for most appeals is done using the comparable property concept.  Homes that are comparable (similar) to each other should have similar market values, and therefore similar assessed values.

One way to evaluate whether your home has been assessed fairly, or uniformly, is to compare its assessment to the assessment of other comparable homes.

For two homes to be comparable to each other, they must be similar in:

  • location (township and neighborhood)
  • property class code
  • age
  • building square footage
  • land square footage

Other characteristics, like the type of construction, also affect whether two homes are comparable.

Properties that are comparable should also have similar assessed values. One way to see if an assessment is fair or “uniform” is to compare the assessed value of your home to the assessed values of comparable homes.