What if I start a building or remodeling project in one year, but do not finish until the next year?

Since the assessment date is January 1 of each year, you will be assessed for the property as it exists on that date.  If a building project is unfinished on January 1, there will be a partial assessment on the property, based on the estimated value when the project is completed and the percentage of completion.  If you are not finished with a project on January 1, you may want to contact the assessor about your particular situation.