Can my assessment change if I haven't done anything to my property?

Posted: Tuesday, April 24, 2012

General economic conditions and other factors such as interest rates, inflation, supply and demand will influence the value of real estate. When property values change, either upward or downward at the same rate throughout the Township, the assessments would not change. However if one neighborhood increases or decreases faster in value than the remainder of the Township then assessments in that area can be adjusted to bring them back in line with the majority of the Township.

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