What is the primary purpose of property assessment?

The primary purpose of property assessment is to inform local governments of the value of properties within their jurisdiction so that they can accurately levy property taxes. Assessments provide a basis upon which taxes are calculated, ensuring that residents contribute equitably according to the value of their properties. By establishing these values, municipalities can fund essential services like schools, public safety, and infrastructure.

While determining market value is a significant aspect of property assessments, it primarily serves the indirect function of facilitating tax calculations rather than being the main aim of the assessment process itself. Zoning changes, on the other hand, involve land-use regulations and do not directly relate to the evaluation or valuation of property for tax purposes. Therefore, the focus of property assessment lies in establishing a fair and consistent valuation system that supports tax administration.