A common method for determining market value of investment properties is the income approach. As a result, Assessment Services annually requests income and expense information from owners of investment properties. Income and expense information is analyzed to determine market trends and produce accurate, up-to-date property assessments.
Owners of investment properties are asked to download and complete an income and expense form for their property. The completed form, together with the complete financial statements for the property, can be sent by mail or email to the assessor responsible for income property assessment in the district where your property is located (click here for District Assessment Office and other municipal government contact information).
Information is required by June 1 of each year. Contact the assessor to request an extension, if required.
Different income and expense information is required depending on the type of property. Click on the applicable form:
Assessment Services has authority to request income and expense information under The Municipal Assessment Act, section 16.
If you have any questions, contact the income assessor in the district where your property is located.
