What is one consequence of properties being left off the Omitted Assessment list?

When properties are omitted from the Omitted Assessment list, the primary consequence is that there will be unaccounted tax revenue for the municipality. This omission means that those properties are not being assessed for taxation, resulting in lost revenue that could have been collected. Municipalities rely on property taxes to fund essential services such as schools, public safety, and infrastructure maintenance. When properties do not appear on this list, it leads to a shortfall in expected tax income, impacting the municipality's budget and capacity to provide services.

The other choices do not align closely with the primary consequence of omitted assessments. For instance, while one might think that leaving properties off the list could somehow lead to increased revenue, it actually results in a decrease in the amount of tax money received. Similarly, the notion of decreased property values or municipalities gaining excessive property does not directly connect to the impact of omission from the assessment list—it is the revenue that remains unaccounted that is the critical outcome of such oversights.