What Causes Your Taxes To Change?

They change when either your tax rate changes or your assessed value changes. Your assessed value can change because of a boundary change, new construction, a change in use, reappraisal or factoring.
  • Boundary changes occur when old parcels are either subdivided or combined.
  • New construction includes new buildings, additions, remodeling, etc.
  • Changes in use are, for example, a change from residential use to office or retail use.
  • Reappraisal or factoring is done to keep values up to date with changes in individual properties, local and neighborhood trends, and inflation or recession.