How are property assessments and taxes related?

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

Annual assessment notices are mailed to property owners by the end of January each year. The assessed value reflects the value of your property based on economic conditions as of July 1 and physical condition of December 31 of the previous year.

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1. What do my taxes pay for?
2. What affects my tax bill?
3. When are taxes due?
4. How and where can I pay my taxes?
5. Is there a penalty if I miss the property tax due date?
6. Why do I pay school taxes when I don't have children going to school?
7. What if there’s a revenue surplus? Will my taxes go down?
8. Can I pay my tax bill via a credit card?
9. What if I'm paying property taxes as part of my mortgage?
10. Why does my assessment say "improved?"
11. How can I find the amount I paid in property tax last year?
12. How are property assessments and taxes related?