What is a Supplemental Assessment?
Deanna Clark
Last Update il y a 2 ans
State law requires the Assessor to reappraise property as of the date of the change-in-ownership or completion of new construction. The Assessor’s office must issue a supplemental assessment which reflects the difference between the prior assessed value and the new assessment. This value is then prorated based on the number of months remaining in the fiscal year ending June 30. This supplemental is in addition to annual secured property tax payments.