How property is assessed
September 12th, 2008 | by admin |Property owners should continue to watch for supplemental assessments and escape bills, where these should be reviewed and appealed if necessary within the 60-day time limit because there are no extensions of time to appeal. Property is assessed for taxes according to laws, rules and regulations, and in the proportion to its true value, and laws may be enacted to exempt particular species of property from taxation in whole or in part. Exemptions range from full to partial tax relief.
