The Assessor’s office values all property in the municipality for tax purposes. The goal is to assess the properties so all property owners will pay their fair share of the revenue needed to finance the schools, municipality, county government, and fire district.
The State Constitution requires all properties to be assessed at “fair market” value. Therefore, it is essential to maintain assessments, keep up with market prices, and cope with inflation. At times, market conditions warrant Revaluation or Reassessment programs to maintain “fair market value”.
The Assessor’s office values all property in the municipality for tax purposes. The goal is to assess the properties so all property owners will pay their fair share of the revenue needed to finance the schools, municipality, county government, and fire district.
The State Constitution requires all properties to be assessed at “fair market” value. Therefore, it is essential to maintain assessments, keep up with market prices, and cope with inflation. At times, market conditions warrant Revaluation or Reassessment programs to maintain “fair market value”.