Level of assessment below state requirement; 2027 revaluation planned
Summary
The city's assessments sit at roughly 82% of market value — below the state's 90–110% requirement for the second straight year. A revaluation is planned for 2027 to bring values back in line.
At a glance
- Total mentions
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- Last 30 days
- 0
Last discussed Apr 28, 2026.
Impact analysis
If the city stays out of compliance another year, the state could order a supervised (costly) reassessment; the 2027 revaluation may mean significant assessment changes for some properties.
All property owners benefit from timely revaluations that keep assessment swings gradual rather than severe.
Mentions & discussions (1)
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