Can I determine if my taxes will increase with reassessment?
Not necessarily. It is paramount that we arrive at fair values during the reassessment, but no one really knows precisely how this reassessment will impact our property taxes. Reassessment will change the assessed value of the property but reassessment should not have any bearing on the budgetary needs of the taxing jurisdictions.

So, in theory, the tax rate will decrease to compensate for the increase in assessed value; a property that receives an average increase should only see a nominal change in taxes. Typically following a reassessment, 1/3 of the parcels decrease, 1/3 increase and 1/3 stay relatively the same.

Show All Answers

1. What is reassessment?
2. Why do we have cyclical reassessment?
3. Can I determine if my taxes will increase with reassessment?
4. How is cyclical reassessment conducted?
5. How can I make sure my assessment is correct?
6. What about business, commercial, industrial or public properties?