Property assessments are in! What do they really mean? Your municipality needs to determine how much your contribution to the overall budget should be, so they apply a “mill rate” to the estimated value of your house. You probably have never had a physical assessment, nor have you reported upgrades or renovations. The assessment number is a guess at best. It’s always interesting that owners want their assessment to be low when paying taxes but high when trying to sell! The assessment is irrelevant to market value; it is only determined by what a buyer is willing to pay. We’d be happy to chat about your real estate needs.