Why is a revaluation necessary?

State law requires that all property in the town be assessed within 10% of market value every 5 years. This is based on all sales not individual sales - (mass appraisal).

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1. What is a revaluation?
2. Why is a revaluation necessary?
3. How are assessments determined?
4. What is Mass Appraisal?
5. What is market value (a.k.a. full and fair cash value)?
6. What if there hasn't been a recent qualified sale of my property?
7. Will all property values change?
8. How can my assessment change when I haven't done anything to the property?
9. Will I be notified of a change in my assessment?
10. How will my taxes change as a result of my new assessment?
11. Why is my single-family home valued differently than my neighbor's 2-family?
12. Where can I find more information on revaluation?