How are local real estate taxes assessed?
The assessment of your home is based upon the factors involved in the sales of all homes in general and homes like yours in particular. “Like” yours generally refers to style and location of the home. If your home is a colonial, the major sales used to generate your assessment are other colonials. The value of your home is then refined for location, the number of baths and bedrooms, other buildings (garages, pools, etc.), and any other factor that might enhance or detract from value.
Updated 6/25/2019 11:26 AM