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What's the difference between "property taxes" & "tax assessment"? PT can increase with TA as stable

Profile picture for CatSteve
Example: Property Taxes from 2008, 2009 and 2010 can show as increasing. However, Tax Assessment for these years can show as the same.
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February 17 - Dobbs Ferry
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Answers (2)

Profile picture for Steve Greene
If the property taxes increase while the assessed value stays constant, the only explanation is that the tax rate increased.  A lot of juridictions have built in assessement increases, but I could not comment on your area.
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February 17
Profile picture for HowardVernick
The tax assessment is the value they place on your property.  The property tax is the tax you pay to support your community.
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February 17
 

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QuestionWhat's the difference between "property taxes" & "tax assessment"? PT can increase with TA as stable
  • Latest answer by Steve Greene
  • February 17
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