If you are a property owner in Newport you likely have received a notice from the city with your increased property value assessment.
Newport on the whole has experienced a 51% property value increase between 2021-2023, based on the sales data.
If you feel your assessment is too high the first step is to ask your Realtor for a current Comparable Market Analysis. This will show current market value based on recent sales activity in our area. If the CMA is showing lower values then your new assessment you can set up an informal review with Tyler technologies. This will be a phone interview.
If you’re not satisfied with the conversation with Tyler Technologies, you’ll have the opportunity to make a formal appeal in August.
Here’s a great info sheet from the city in this regard.
Feel free to reach out to us for a Comparable Market Analysis to see your current property value!