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Now Is the Time to Review Your Real Property Assessment |
April 11, 2008
Previously published on February 22, 2008
The March 1, 2007, assessment date (for taxes payable in 2008) will include a trending factor. This factor will be placed on the current March 1, 2006, assessment to reflect the increase or decrease in value between January 1, 2005, and January 1, 2006. For example, a trending factor of 1.25, or 125%, indicates values in the property's area have increased 25% since January 1, 2005.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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