Tax Reassessment

The tax reassessment meaning is essentially the process where local governments re-evaluate the value of your property to determine how much you’ll owe in property taxes. They don’t do it every year, but when it does happen, it can significantly affect your finances. During a reassessment, an appraiser may evaluate property values in the area, consider recent sales data, and sometimes even inspect your property to establish its current market value. The updated assessment could mean a property owner either …. Read More