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The statewide cyclical general reassessment begins July 1, 2014 for the 2015-pay-2016 property taxes, and the next four years.
During statewide general reassessments, county and township assessors physically inspect each property to ensure that records are correct. Inspection accomplishes the gathering of data to value the property. For example, does the property still have a free-standing garage and an in-ground pool? Is the building on this property still 1,200 square feet or has it increased or decreased in size? By confirming this information, assessors can ensure properties are properly valued.
Starting July 1, 2014, assessing officials will re-assess approximately 25% of the parcels in their jurisdiction each year over a four year timeframe. By re-assessing property over a four year period instead of the prior 20-month period, it is expected the data collection will be more accurate and the cost spread out.