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What is the purpose of conducting real estate assessments?

April 26, 2017assessments conducting purpose Real Estate

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What is the purpose of conducting real estate assessments?

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The purpose of real estate assessments is to fairly distribute the necessary tax burden among all property owners based on the market value of their property. Real estate is assessed so that the costs associated with our schools, fire and police protection and other City services can be allocated to property owners in proportion to the market value of their individual properties.