Taxes and assessments are updated once a year. The only exception to this would be new construction or tear down/rebuild scenarios.
Most updates, which are up to the individual towns and municipalities, occur between July 1st and the end of September.
We CANNOT update out of schedule.
If your property has been reassessed, the new assessment figures will not appear on the tax record until the next update cycle (which begins July 1st). In the interim, it is not appropriate to use the assessment value for the new tax year on your listing. You must still use the current tax year's assessment information.
Listings on the SmartMLS must reflect what the taxes would be if the property were to be purchased today.
When a property has been reassessed, we recommend using the Public Remarks field to disclose that the assessment will be changing when the new tax year begins on July 1. Additionally, you should disclose the new assessment amount and mention that a new mil rate has not yet been determined. Without knowing the new mil rate for the new tax year, it is impossible to calculate what the taxes will be on July 1st.
If you think there is an error on the tax card (public record), please email us at tax@smartmls.com.
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