How do market changes impact assessments?
For example, four home owners purchased homes in Brighton for $100,000 in 2002. Over the years, the value of real estate has changed. House “A” may now sell for $80,000, house “B” may still sell for $100,000, house “C” may now sell for $120,000 and house “D” may now sell for $160,000.

Updating the assessments will reflect the new market values and will fairly
distribute the tax burden based on the current market value of each property.

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1. How much are my taxes?
2. What is STAR?
3. How do I challenge my assessment?
4. When was the last Town-wide update?
5. What is an Assessment Roll Re-Valuation?
6. Is my property market value the same as the assessed value?
7. How do market changes impact assessments?