Property Assessment is an estimate of the typical market value of your property developed for the purposes of determining your portion of the municipality's property tax. The values for those parcels deemed taxable generate property taxes. This video provides a brief description of how assessments are connected to property taxes:
Further information may be obtained from the following:
Annual assessment notices are mailed to property owners mid January. The assessed value reflects the value of your property as of July 1 of the previous year, based on economic conditions and its physical condition and characteristics as of December 31 of the previous year.
By sending property assessment notices in advance of the property tax notices, owners have the opportunity to review their assessments and raise any concerns they may have about their assessed value before taxes are calculated.