What is the tax assessor’s responsibility during a revaluation?

The tax assessor's primary responsibility during a revaluation is to ensure accurate assessments that reflect current market conditions. This involves a comprehensive analysis of property values based on recent sales data, market trends, and other relevant factors that influence the value of properties in the area. The goal of a revaluation is to create a fair and equitable property tax system by aligning assessed values with their market value, thereby ensuring that tax burdens are distributed fairly among property owners.

During this process, the assessor evaluates each property individually and may make adjustments to reflect changes in the market, such as property improvements or economic shifts. This accuracy is critical, as it impacts not only tax revenue for local municipalities but also how much individual property owners pay in taxes.

Increasing property values significantly would not be a responsible approach unless supported by actual market data. Determining tax rates is typically the responsibility of other governing bodies, not the assessor. Monitoring community development projects may inform assessments indirectly but is not a direct responsibility of the tax assessor in the context of revaluation.