Why do some homeowners pay more taxes after a revaluation and some pay less?

Some increases result from correcting inequities such as improvements to property performed without building permits and therefore not reflected in the assessments prior to the revaluation.

If market values in your area have not risen as much as in other areas, or your property is currently overvalued when compared with the comparable properties, your share of the tax burden would be reduced as a result of revaluation. The assessed value is only one component in determining tax rate. The other is the amount to be raised in taxation is each government's yearly budget that each of the four government's (local, county, school and regional school) determine to be required to operate. When each year's budget reflects an increase in the amount to be raised, regardless of whether a revaluation is implemented, one pays more taxes.

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1. What is a Revaluation?
2. Why a Revaluation?
3. What are the benefits of a Revaluation to me as a property tax payer?
4. How are the values established?
5. Why an inspection of properties?
6. What can I expect during a visit by an inspector?
7. How long will an inspection take?
8. Will I be assessed more for my decorating and/or landscaping?
9. What if I am not home?
10. Can I refuse entry to the field inspector?
11. When will your inspectors be in my neighborhood?
12. Can I schedule an appointment in advance?
13. My property has unique conditions which affect its value. What should I do?
14. If the assessed value of my property increases because of the re-valuation, will my taxes automatically increase?
15. Why do some homeowners pay more taxes after a revaluation and some pay less?
16. When will I be notified of my new assessment?
17. What are my neighbors' assessed values?
18. Who can I talk to about my value?
19. When will I find out the results from my informal hearing?
20. Is there an official appeal process if I still disagree with my value?
21. Can I have a copy of my appraisal?
22. What is the difference between assessed value and market value?