If assessments increase and the tax rate stays about the same, why don’t we leave the assessment the same?

The objective of an annual revaluation program is to ensure that everyone's assessment is fair and accurate. If all property is assessed at its market value, individual taxpayers will be assured that they pay only their fair share of the tax burden.

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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?