What happens when the Assessor reassesses my property and triggers a supplemental bill?
Where new construction is completed, or property changes ownership, the Assessor determines the current fair market value of the portion of the property which was newly constructed or changed ownership. The Assessor then subtracts the property’s prior assessed value from its new assessed value. The difference between the two (increase or decrease) is the net supplemental value which will be assessed and enrolled as a supplemental assessment.
