2024 Assessment Project
The main objective of doing a town-wide reassessment is to strive for a fair and equitable tax roll – meaning everyone is properly assessed.
The town has not done a reassessment since 2013. The town’s equalization rate has dropped to 67%. The last time the town was at 100% was in 2017. If we do not do a reassessment for the 2024 Tax year, the Town’s equalization rate will drop into the 50’s.
A reassessment is adjusting property values to reflect the current market values. Reassessments ensure that you are only paying your fair share of the tax burden, no more, no less.
It is important to remember that reassessment does not create more tax dollars. Taxes, rates and budgets are established by the different taxing jurisdictions (Town, School Boards and the County).
The town has not done a reassessment since 2013. The town’s equalization rate has dropped to 67%. The last time the town was at 100% was in 2017. If we do not do a reassessment for the 2024 Tax year, the Town’s equalization rate will drop into the 50’s.
A reassessment is adjusting property values to reflect the current market values. Reassessments ensure that you are only paying your fair share of the tax burden, no more, no less.
It is important to remember that reassessment does not create more tax dollars. Taxes, rates and budgets are established by the different taxing jurisdictions (Town, School Boards and the County).