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HomeMunicipalCity Council Receives Update on 2024 City-wide Revaluation: Property Assessments to Reflect...

City Council Receives Update on 2024 City-wide Revaluation: Property Assessments to Reflect Rising Market Trends

Municipal

Published on

Matt Wyatt
housing

On Tuesday, October 15, Interim Assessor Mary Beth Walker provided an update on the 2024 City-wide Revaluation during the City Council Workshop. Walker highlighted the ongoing work to ensure property assessments are adjusted to reflect the rising real estate market, aiming to bring assessments close to 100% of full, fair market value. She also emphasized that while property values are expected to increase, this does not necessarily mean a corresponding increase in property taxes.

Watch the full presentation at the link below.

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