The property taxes each resident pays is calculated in proportion to the value of the real estate property they own. Determining the value of a property for taxation purposes is known as assessment. Assessed values are a means of fairly distributing the town tax burden and ensuring that each property owner pays a fair and equitable level of tax. Find out how your property assessment is determined. As assessment values vary between individual properties and between communities, your municipal tax changes may be higher or lower than the average. See a sample tax bill.
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