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How often can reassessment occur?

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How often can reassessment occur?

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A. A general reassessment of the real property in this county usually occurs every four (4) years unless altered by the state legislature. The most recent general reassessment was conducted in 2002 with the resulting taxes paid in 2003. Since this reassessment was based on market value is use. It will be necessary for the assessing officials to annually reevaluate the assessments for accuracy. The Department of Local Government Finance may draft or promulgate new appraisal manuals, rules and regulations, bulletins, directives, and forms for the assessment and reassessment of real property.

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