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State law required that all property in the City be assessed within 10% of market value every 5 years. A revaluation is the most equitable way to accomplish this.
The next Revaluation will begin in 2023 to be completed by October 2024.The resulting values will be effective as of January 1, 2024 for Fiscal Year 2025. These assessments will be the basis for the 3rd (or actual) tax bill, which will be mailed in December 2024.