FISCAL YEAR 2023 GUIDELINES FOR ANNUAL ASSESSMENT AND ALLOCATION OF TAX LEVY
Classification and Taxation by Use, Exemptions (Property Tax), Valuation, Assessment Administration
Five 5 year public hearing procedures process determine determination levy percentage among classes industrial commercial usage use classification minimum factor real property taxation burden share apportion change assessing reassess certify certified certification full fair cash value valuation appraisal sales ratios market increases total revaluation shift residential exemption ceiling maximum threshold redistribute redistribution reallocate reallocation up to tax rates approval setting interim adjustments standards reassessment open space discount small commercial exemption
40:56 58:1a 59:2a 59:5c 59:5i 59:38
This Informational Guideline Release (IGR) provides combined guidelines for annual determination of property assessments for certification and interim years, classification of property according to usage class, calculation of the minimum residential factor and allocation of the tax levy among the property classes for Fiscal Year 2023.
In effect for FY2023 only.