Real estate market and your tax assessment | Sponsored content

All of us island property owners will be receiving our tax assessment notices from the County in the middle of October. As real estate agents we will be fielding many questions about the statements and new assessments. As you may recall, the State has mandated that our Assessor’s office convert to an annual assessment update cycle versus the cyclical system we were on for years. The current values are for a one-year period only and will be adjusted the next year. Areas of properties are physically inspected every 6th year on a rotating basis. The current process is much more stable and refined and is a more accurate system than we have had in the past.

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