As required by State law, the Assessor’s set the FY2023 values by analyzing arm’s length sales that occurred in calendar year 2021. The average residential parcel saw a value increase of approximately 27% from FY2022 to FY2023 as reflected by the strong 2021 real estate market. This does not mean a 27% increase in the average tax bill. The increase in parcel value equated to a significantly lower residential tax rate.
VIEW FISCAL YEAR 2023 RESIDENTIAL REAL ESTATE TAX: AN OVERVIEW HERE