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Property Appraiser questions, answered by experts

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

Costs depend on the property size, audit complexity, and whether additional testing (e.g., blower door) is included.

While a finished basement adds value to your home, it is assigned a different value than space on the main floors. An appraiser will assess the square footage of a finished basement at about 50% to 60% of the value of the square footage for the rest of your home. Appraisal value for a finished basement depends on your location’s real estate market and the specifics of the basement and how it was finished. 

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

The Madison, SD homeowners’ guide to property appraisals

From average costs to expert advice, get all the answers you need to get your job done.