If my assessment increases will my property taxes increase?

Higher property assessments do not cause higher taxes. The total municipal budget determines the money to be raised from property taxes. The tax rate may stay the same or even decrease because of the overall change in the total value of the community. Your tax bill is based on the spending of the City. An increase in the assessed value does not necessarily cause an increase in taxes. Your tax bill (not the assessed value) is a direct result of the City's budget.

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1. Why are properties revalued each year?
2. How is my property assessed?
3. How will I find out what my new assessment is?
4. If my assessment increases will my property taxes increase?
5. If assessments increase and the tax rate stays about the same, why don’t we leave the assessment the same?
6. Can I review my annual property assessment with someone after receiving the bill?
7. Doesn’t Proposition 2½ mean that my taxes cannot increase more then 2.5% per year?