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FAQ
Q. What is market value?
Market value of a property is an estimate of the price that it would sell for on the open market on January 1st of the year of assessment. This is sometimes referred to as the 'arms-length transaction' or 'willing buyer/willing seller' concept.
About Our Office
The Mason City Assessor's main responsibility is to list and value all real property within their jurisdiction. This includes residential, multi-residential, commercial, industrial, and agricultural classes of property. The City Assessor's Office exists by city ordinance and is governed by the City Conference Board. The Conference Board has three voting units and the Mayor is the chairperson.
