Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

In states that phase in assessment increases, how are the values shown on the notice?

April 26, 2017assessment increases Notice phase values

0

Posted

In states that phase in assessment increases, how are the values shown on the notice?

1 Answer

0

Posted

Often, the increase in your assessment from the old market value to the new value may be divided over several years. This phase-in is designed to spread your property value increase over a period of time so that the full increase will not be subject to taxes in the first year. These values should be stated on your assessment notice.