Supplementary Assessment

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A Supplementary Assessment is the increase in value of a property because of new building construction, addition or renovation completed and/or occupied during the current tax year.

It is based on the Market Value of new construction during the current year and the number of months of Completion and/or Occupancy. This will also affect properties where the buildings were not completed at December 31 of the year prior to the current tax year and are now complete and/or occupied. To read more, click the link below:    

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