Quote:
Originally Posted by fishbones
Assessments must be done at fair market value based on property sales. With the RE market where it is, the towns wouldn't be able to do much to increase the assessed value of homes. Also, there would need to be a Proposition 2 1/2 override for towns to increase assessments. See if that would get passed by voters.
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I thought Assessments could be done on an annual basis...the prop 2 1/2 are done for special circumstances. I could be wrong though....Its not unheard of
