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If my assessment increases, will my taxes increase?

No. The valuation change will not be indicative of the tax change. Historically, taxes increase without revaluation through levy changes which require additional funding through property taxes. If all assessed values changed at the same rate the subsequent change in the tax rate would adjust the taxes so no increase or decrease would occur. Property values change at varying rates based upon market and physical changes, therefore taxes change relatively based upon the amount of change to each parcel.