For Property Owners

Relation Between Assessed Value & Municipal Taxes

Now that we have looked at the history of property assessment and the basic principles of property taxation, the questions now become “How are tax rates decided and by whom?” and “What is the relationship between property assessments and municipal taxes based on the assessments?”

Remember

Tax rates are decided by the municipal council not by the Assessor or the Municipal Assessment Agency

The assessor's job is to determine the actual value of the properties in a municipality. The council's job is to set the rate, calculate and send out the tax bills and collect the taxes.