Why is the Assessors office changing to an annual reval?
To improve level of assessment, uniformity and predictability: The level of assessment improves when the tax burden is distributed more equitably. This is particularly important for countywide levies such as the state school levy and county levies. Predictability improves because increases in values that result from a 4-year cycle are: difficult for taxpayers to understand and accept and results in the area that has just been revalued carrying a larger share of some taxes than the other 3 areas. Uniformity improves because all property is assessed every year at market value, which is particularly important if market values begin to decline. Assessed values are no longer “fixed” for 4 years.
