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Will a revaluation increase taxes?
A revaluation may result in an increase or decrease of individual assessments depending on how a property value increased or decreased relative to the average change in assessment. It does not mean that all property taxes will increase or decrease. Remember, assessments are only the base that is used to determine the tax burden. The tax burden is the amount that the municipality must raise to operate the local government and support the many services each of us has come to expect, such as schools, police, fire etc. As an example, if the same amount of money is to be raised after the revaluation as the previous year and each assessment doubles, the tax rate (mill rate) would merely be cut in half.

Assessor's Office - Revaluation FAQ's

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1. What is a revaluation?
2. Will a revaluation increase taxes?
3. Will all property values change?
4. How will I know if my assessment is equitable?
5. Does the Assessor's Office have the correct information on my property?
6. Why did my land value change differently than my building value?
7. What is market value and who determines my property value?
8. What is an informal hearing?
9. How do I prepare for a hearing?
10. How will I know if a change was made to my assessment after my hearing?
11. If I disagree with my assessment after a hearing, what are my options?
12. Is the valuation model that Bristol uses a proprietary model?
13. I am seeing a lot of bad news coming from the real estate industry. Is this being shown in my new assessment?
14. Are waterfront properties unfairly singled out during a revaluation?
15. What sales did you compare to my home to arrive at my value?
16. What if there hasn't been a recent arms-length sale of my property?
17. What if there are no reasonably comparable sales?
18. I recently built my home. Will the actual construction costs be considered?
19. What will happen to my assessment if I improve my property?
20. Will my assessment go up if I repair my property?
21. How can my assessment change when I haven't done anything to my property?
22. Do all assessments change at the same rate?
23. Nobody inspected the inside of my home, how could you reassess it?
24. I've heard that you develop values by computer. Is that correct?

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